Sale of a liquor license
Where in turbo tax do I enter the proceeds received from the sale of my liquor license?
Where in turbo tax do I enter the proceeds received from the sale of my liquor license?
Yes, enter this under Sale of Business Property, but don't enter it as a sale of a depreciable asset (choose "None of the above"). Continue past that option to the page "Sales of Other Business Property." The text on that page identifies items that aren't deprecated. Follow the interview to report the sale of the license. (Enter zero if you see a box for depreciation.)
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