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
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
- :
- Lacerte Tax
- :
- Lacerte Tax Discussions
- :
- Installment sale and reporting and form 8594
Installment sale and reporting and form 8594
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
SteveR
Level 1
08-11-2021
03:39 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
On form 8594 which reflects the asset sale of part of a corporation (one of the corporate stores) do I reflect the buyer's assumption of the notes payable which were attached to the equipment the buyer purchased, the sales taxes due for the prior month assumed by the buyer and the sale of the accounts receivable. 8594 only asks for the value of the assets sold by class. Do assumed debt go into this schedule?
Labels
1 Comment 1
