There are two different Sale of Business Property documents supported by TaxAct^® in the Federal Documents Received folder. The document you fill out depends on whether the asset had been previously depreciated in the TaxAct program.

TaxAct currently supports the entry of 40 asset sales on the Sale of Business Property - Sale of Business Property if the asset had not been previously depreciated in the program. Additionally, TaxAct supports 1000 depreciable asset sales on the Sale of Business Property - Asset entered in Depreciation for assets that were previously depreciated in the program.