Lou1428
Level 1

I have a Client files 1120s. Sold business for $210,000 assets was $190,000 fully depreciated. Its installment sale first year received $108,000. The program is picking up the whole $190,000 on schedule 4797 carrying to page one as income. Also the installment sale is being taxed at $10,600, Am I doing this right or do I need to change something.

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