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Equipment Sales

jjchavez123
Level 2

Equipment was sold from a business in 2023 but the business has been closed for over 2 years.  What do I do? 

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2 Comments 2
TaxGuyBill
Level 15

Who owned the equipment after the business closed?  Was it transferred to the individual owner?  If so, sale of a personal asset is reported on 8949/Schedule D.

 

jjchavez123
Level 2

The business was a sole proprietorship 

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