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Posted

Working on prep from a sale of a business and wanted to make sure I had the correct categories. 

 

Wanting to make sure my understanding is correct on a 4797. How would you class the following categories on the 4797? 
Equipment, Furniture and Fixtures 
Goodwill 
Stock in trade/Inventory ( This gets zeroed on the Sch C correct and goes to 4797)
Website/Domain Name 
Source code for Website 
Registered Business Name/Entity 
Non Compete Agreement
Consultation Agreement 

Thanks

 

 

 

Posted

Which version of the software are you using, or if another vendor's product, which one?

Also, in case the discussion leads to state-related reporting issues, are you in AL or OR?

 

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