Question: Choose the answer that correctly describes a reason why Myra is required to file Form 8 5 9 4 , Asset Acquisition Statement Under Section

Choose the answer that correctly describes a reason why Myra is required to file Form 8594, Asset Acquisition Statement Under Section 1060.
The buyer is an S corporation.
The form is used to calculate and report Myra's total gain from the sale of her business assets.
The form is used to calculate and report the amount of ordinary income Myra realized from the sale of depreciable property.
The total sales price the buyer agreed to pay was over and above the fair market value of all the identifiable, tangible assets they acquired

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