Screen 8594 - Asset Acquisition Statement (1065)

General Information

Enter
1
for Purchaser or
2
for Seller. This field is mandatory to calculate Form 8594.
The total sales price automatically calculates based on entries in this screen. Use the
Redetermined Allocation of Sales Price
fields in the
Supplemental Statement
section to determine the total sales price if amending an original or previously filed statement. Otherwise, use the
Allocation of Sales Price
fields in the
Original Statement of Assets Transferred
section to determine the total sales price. Enter an amount in this field to use an amount other than the calculated amount.

Supplemental Statement

Enter the allocation of sales price as previously reported on Part III. The increase or decrease on Form 8594 is based on the amounts entered in these fields and the
Redetermined Allocation of Sales Price
fields.
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