schirallicpa Posted March 27, 2022 Report Share Posted March 27, 2022 As part of a sale of all assets of the company, some money was allocated to "sale of corporate books and records". Not really sure if this can hit Schedule D or if this is ordinary income. Thank you for your opinions. Quote Link to comment Share on other sites More sharing options...
jklcpa Posted March 27, 2022 Report Share Posted March 27, 2022 I looked this up, and according to Form 8594 instructions, business books and records would be in Class VI as sec 197 intangibles. 2 Quote Link to comment Share on other sites More sharing options...
schirallicpa Posted March 27, 2022 Author Report Share Posted March 27, 2022 Thank you! I wasn't finding anything. You are awesome!!!!!! Quote Link to comment Share on other sites More sharing options...
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