PatCM
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I reported it in the Installment sale portion of Other Income as suggested by Thomas M's answer to my initial post.
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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...
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- Posted Re: s corp asset sale on Business & farm. February 19, 2020 1:42 PM
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- Posted Re: s corp asset sale on Business & farm. January 28, 2020 11:45 AM
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- Posted s corp asset sale on Business & farm. January 25, 2020 9:50 AM