mfsjpm01
Level 3

I am working on a return where there is the sale of a sole prop/schedule c business.  Asset sales with goodwill on top of the assets.  I believe I have the assets entered correctly directly on the asset worksheet (date of sale, sale price, expense of sale, etc.).  But wondering how I enter the goodwill?  Do I need to create a new asset with $0 cost?  Or is that entered separately?

 

Thanks!

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