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- Gain on 197 Intangible Sale - S Corp (single shareholder)
Gain on 197 Intangible Sale - S Corp (single shareholder)
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cindy13
Level 1
03-12-2022
01:15 PM
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Purchased 197 intangible on 4/5/18 for $3,000 and sold on 1/7/21 for $20,000 after expensing 573 for amortization.
Please advise on where and how to enter in ProConnect for gain to flow through to K-1 as ordinary income. Thank you.
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