Welcome back! Ask questions, get answers, and join our large community of tax professionals.
Showing results for 
Search instead for 
Did you mean: 

How do you record on Proconnect using the sale of stock method, full business sold?

Level 2
In particular. how to handle the sale when it comes to accounting for all of the fixed assets?
0 Cheers
1 Comment 1
Level 15

If the stock was sold.... the assets just tag along to the new owner of the stock. No reporting is needed on the Corp return.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"