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how to report a sale of a S corp?

Ann_e
Level 2

Company's b/s consists of current assets, current liabilities amounting to $5,642 sold company for $150K.  there is no inventory on the books, or no goodwill or no customer list

. .  thank you

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1 Comment 1
sjrcpa
Level 15

Was the stock sold?

Or were the assets sold?

The more I know, the more I don't know.