Sale of business goodwill subject to net investment tax?

[Greta]

Do I enter the goodwill sale info Form 8949 (just say Goodwill, provide any other info?) First time for me! How do I avoid it being subject to the investment tax?

[TaxGuyBill · Accepted solution]

Generally, the sale of a business asset (such as Goodwill) is reported on Form 4797, not 8949.

If I remember correctly, if the person was actively involved in the business, you need to manually make the NIIT adjustment on line 5b of Form 8960.