Business was held in an S Corp and was not passive and the business was sold. Final S Corp K-1 was issued showing Goodwill as a capital gain on the sale.
Where is the input screen to indicate the Goodwill on sale of S Corp was not subject to net investment income tax?
Enter an adjustment for a disposition of property included in capital gains and losses that not subject to net investment income tax, to carry to Form 8960, Part I. By default, the program will calculate this amount based on if the disposition is a sale of business property.
Non-business dispositions, which carry to Schedule D, are generally subject to net investment income tax. Business dispositions, which carry to Form 4797, are generally not subject to net investment income tax.
Enter your E-mail address. We'll send you an e-mail with instructions to reset your password.
