Hi, both of purchasing agreements don’t have the breakdown of the purchasing prices. I asked her to contact the previous owner and the new owner to work on allocation of the purchase price and the selling price, but they didn’t know, and couldn’t help my clients. Do you have another solution for this case?

I am concerning if I report 15k on “other income” in Schedule C, “$15k” is subject to self-employment tax in Schedule C. Can I exclude “15k” from self-employment tax? Thank you