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PatCM
Level 2
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  • Solved Re: s corp asset sale

    I reported it in the Installment sale portion of Other Income as suggested by Thomas M's answer to my initial post.
    PatCM
    5
    Updated Sep 26, 2020

  • Solved Re: s corp asset sale

    Thanks, but it was a consulting firm and we basically sold our client list (goodwill). The down payment and expenses, and ordinary income portions were taken ca...
    PatCM
    7
    Updated Sep 26, 2020
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