Question

I sold my online business last year. It didn't include any physical assets - simply the website, intellectual property, and relationships. How do I report that?

I am using Turbo Tax Self Employed. How do I report the income from the sale?

If you had any Physical Assets in your Schedule C business, you can assign a sales value to them and report their sale.

The balance of Sales Proceeds relating to intangible assets can be reported in the 'Sale of Business Property' section.

Here's some info to help with that:

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