Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
S
showard-01
September 25, 2019
Question

I need to report the sale of my business. How do I do that?

  • September 25, 2019
  • 1 reply
  • 0 views
No text available

1 reply

Critter
Critter
Employee
September 25, 2019

What kind of business did you sell ?   What tax form did it file ?  What did you sell exactly ? Inventory? Assets ? 

 

https://www.irs.gov/businesses/small-businesses-self-employed/sale-of-a-business

    C
    ccheath54
    December 14, 2019

    I sold my dental practice.  Assets sold include fixed assets, goodwill, a non-compete clause, and factored accounts receivable.

    Carl11_2
    Carl11_2
    Employee
    December 14, 2019

    Single member LLC? Multi-member LLC? S-Corp? C-Corp? Partnership? Sole Proprietorship? It matters.

    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification