George4Tacks
Level 15
07-15-2020
04:58 PM
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Goodwill is a capital asset and would be sold in dispositions.
F&E will be entered in dispositions, but should go to 4797. https://proconnect.intuit.com/community/form-8949/help/form-4797-input-for-sales-of-business-propert... possibly with IRC 179 recapture.
Don't forget 8594 https://proconnect.intuit.com/community/banking/help/8594-generate-bulk-sale-asset-acquisition-state...
Here's wishing you many Happy Returns
