In trying to follow the instructions, i entered the total proceeds from the business sale on Sch C, which goes to Sch 1, line 9, and then on form 1040, line 7a....
Do I enter the total value of the business sale on line 6 of schedule C?The business sale just included tools and goodwill, so I enter those valeus on form 8594...
Thank you, that answer helps.So, it looks like I enter the value of the tools sold as Class 5, and the goodwill part as class 7, both on form 8594, which I need...
