Trying to record sale of sched c biz. Have "sold" all the assets, but can't figure out how to record the goodwill. Have tried adding it as an asset and disposing, but proseries won't allow me to dispose an undepreciable asset. I can't add it directly to 4797. How do I do this?
I think it belongs on 8949/Schedule D.
On the Schedule C, look at line A (principal business). Above that are a bunch of "Quickzoom" buttons. Look at the top Quickzoom button.
If you want it on 4797, I think I would just categorize it as an Amortized Intangible.
You can make direct entries on the 4797
Was it all paid at once or during one calendar year, or was it an installment sale for Form 6252?
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