topic How would an s corp record the sale of a lease? The business was closed and the lease was transferred to another business. Should it be included in the business income? in Business & farm https://ttlc.intuit.com/community/business-taxes/discussion/how-would-an-s-corp-record-the-sale-of-a-lease-the-business-was-closed-and-the-lease-was-transferred/01/581584#M22784 Wed, 05 Jun 2019 22:36:53 GMT nam1 2019-06-05T22:36:53Z How would an s corp record the sale of a lease? The business was closed and the lease was transferred to another business. Should it be included in the business income? https://ttlc.intuit.com/community/business-taxes/discussion/how-would-an-s-corp-record-the-sale-of-a-lease-the-business-was-closed-and-the-lease-was-transferred/01/581584#M22784 Wed, 05 Jun 2019 22:36:53 GMT https://ttlc.intuit.com/community/business-taxes/discussion/how-would-an-s-corp-record-the-sale-of-a-lease-the-business-was-closed-and-the-lease-was-transferred/01/581584#M22784 nam1 2019-06-05T22:36:53Z If the lease transfer was done for compensation, that com... https://ttlc.intuit.com/community/business-taxes/discussion/if-the-lease-transfer-was-done-for-compensation-that-com/01/581589#M22786 <P>If the lease transfer was done for compensation, that compensation must be reported as business income.<BR /></P> Wed, 05 Jun 2019 22:36:54 GMT https://ttlc.intuit.com/community/business-taxes/discussion/if-the-lease-transfer-was-done-for-compensation-that-com/01/581589#M22786 MinhT 2019-06-05T22:36:54Z