SteveR
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 1
		
	
				
		
	
		
			
    
	
		
		
		08-11-2021
	
		
		03:39 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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On form 8594 which reflects the asset sale of part of a corporation (one of the corporate stores) do I reflect the buyer's assumption of the notes payable which were attached to the equipment the buyer purchased, the sales taxes due for the prior month assumed by the buyer and the sale of the accounts receivable. 8594 only asks for the value of the assets sold by class. Do assumed debt go into this schedule?
		
			
				
						
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			sjrcpa
		
		
		
		
		
		
		
		
	
			
		
		
			
					
		
	
	
			Level 15
		
	
				
		
	
		
			
    
	
		
		
		08-11-2021
	
		
		06:22 PM
	
	
	
	
	
	
	
	
	
	
	
	
	
	
		
	
				
		
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It also asks for allocation of sales price. Assumed liabilities are part of the sales price.
The more I know the more I don’t know.