topic I sold my business this year. I started it from scratch 10 years ago. How do I calculate the cost basis? in Investors & landlords

I sold my business this year. I started it from scratch 10 years ago. How do I calculate the cost basis?

annemarie — Thu, 06 Jun 2019 15:02:53 GMT

From your own records. Your cost basis is all the money y...

Hal_Al — Thu, 06 Jun 2019 15:02:54 GMT

From your own records. Your cost basis is all the money you put into the business, less the amounts you previously deducted on schedule C, over those 10 years.

I have used QB for the last 10 years for that business. I...

annemarie — Thu, 06 Jun 2019 15:02:56 GMT

I have used QB for the last 10 years for that business. Is there a report/line that would show me that number? Thank you.

Thank you for reaching out to us @annemarie. Please conta...

SSoumya — Thu, 06 Jun 2019 15:02:57 GMT

Thank you for reaching out to us @annemarie. Please contact QuickBooks support or take a look at the QuickBooks tutorial page:
<a rel="nofollow" target="_blank" href="https://community.intuit.com/products/quickbooks-help-en-us">https://community.intuit.com/products/quickbooks-help-en-us</a>
<a rel="nofollow" target="_blank" href="https://quickbooks.intuit.com/tutorials/">https://quickbooks.intuit.com/tutorials/</a>