Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Be sure to check out & bookmark our Everything you need to know about electronic filing page. View the site.
Be sure to check out & bookmark our Everything you need to know about electronic filing page. View the site.
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Re: Instructions for entering S Corp asset sale
Instructions for entering S Corp asset sale
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
david3
Level 7
yesterday
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Are there any PS instructions for entering an asset sale in Form 1120S? My search hasn't found anything.
I'm trying to determine the mechanics of recording the sale of inventory so that the tax treatment is correct and separated from the fixed asset gain, goodwill, etc.
Thank you for your help.
Labels
2 Comments 2
david3
Level 7
yesterday
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you.
I forgot to mention that this is also an installment sale.
How is goodwill entered in PS?
Thank you.
