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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
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Experience:  10 years experience
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Have an asset sale 4 components. A/R, Inventory, Equipment

Customer Question

Have an asset sale 4 components. A/R, Inventory, Equipment and Intangibles. A/R and Inventory part 1 4797 S/T?
Submitted: 3 months ago.
Category: Tax
Expert:  Mark Taylor replied 3 months ago.

Hi, my name is Mark. I will be happy to help you with your questions. Are you selling an entity? Could you please provide more information on what is being sold?

Customer: replied 3 months ago.
I figured it out. Thanks. 4797 part 2.....
Expert:  Mark Taylor replied 3 months ago.

No problem. Please let me know if you have any other questions.

Customer: replied 3 months ago.
if this is just an asset sale the seller should have sent me a copy of form 8594 correct?
Expert:  Mark Taylor replied 3 months ago.

It sounds like you are the purchase. Both the purchaser and seller should complete form 8594. Was an appraisal performed?

Customer: replied 3 months ago.
No.....I thought I can get a copy of theirs.....I have the info they sent me, but I do not have their EIN #......grrrrrrrr
Expert:  Mark Taylor replied 3 months ago.

That should be able to provide you with this information. You could also request a copy of Form 8594.

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