Jax123
Level 1

I have a client who sold his business, LLC-tax class S Corp. I'm preparing his personal tax return now. I have entered in the amount that he sold the business for on Form 8949 as a Long-term transaction not reported on Form 1099-B.

Doing this, it is giving me errors because I needed to override and enter the amounts on the Part II, 1(d)-(e). How do I resolve these errors that are occurring? The client sold his company for cash, which is what I am putting on Part II, 1(d) in the "sales price". 

What am I missing? How do I resolve these issues?

 

Any help would be much appreciated! THANK YOU!

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