About Form 8594, Asset Acquisition Statement Under Section 1060


Both the seller and purchaser of a group of assets that makes up a trade or business must use Form 8594 to report such a sale if:

  • goodwill or going concern value attaches, or could attach, to such assets and
  • the purchaser's basis in the assets is determined only by the amount paid for the assets.

Current Revision

Recent Developments

None at this time.

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