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Reetz0
Level 2

Reporting buiness sale

My S corp sold 30% of its client list in 2023, accepting a down payment, plus monthly payments over five years.  (No tangible assets; this is an advisory business.)  How and on which form(s) do I report this for 2023, and for the following years?

posted
‎February 28, 2024 9:15 AM
last updated ‎February 28, 2024 9:15 AM
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RobertB4444
Employee Tax Expert
Employee Tax Expert

Reporting buiness sale

This is regular income to the business.  

 

@Reetz0 

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‎February 28, 2024 9:20 AM
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