I am a little confused. Inventory at Sale of Business, whether it is reported as Gross Proceeds on Form 1065 as if sold in normal course of business or on Part II of Form 4797 as Ordinary Gains and Losses, don't they end up in the same place subject to Self-employment tax? If it is reported in Gross Proceeds on line 1(a) of Form
1065 or eventually on line 6 of Form 1065 "Net gain (loss) from Form 4797, Part II, line 17" don't they both end up on line 22 of Form 1065 "Ordinary business income (loss)" and hence subject to Self-employment tax? Where am I going wrong?Thanks in advance for your help.
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