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J
jjchavez123
Level 3
February 20, 2024
Question

Equipment Sales

  • February 20, 2024
  • 1 reply
  • 11 views

Equipment was sold from a business in 2023 but the business has been closed for over 2 years.  What do I do? 

    This topic has been closed for replies.

    1 reply

    T
    TaxGuyBill
    Level 15
    February 20, 2024

    Who owned the equipment after the business closed?  Was it transferred to the individual owner?  If so, sale of a personal asset is reported on 8949/Schedule D.

     

      J
      jjchavez123Author
      Level 3
      February 21, 2024

      The business was a sole proprietorship 

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