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. A business may download this form to request September 1 appraisal for tax purposes.Vehicle Personal Use Exemption Application. This Drake Tax article discusses the sale of an asset used for personal and business use. Capital is a financial asset that usually comes with a cost. Here we discuss the four main types of capital: debt, equity, working, and trading. You will need to allocate the amount reflected on form 8594 among all the assets. A typical method is to allocate the proceeds based on the original cost. The tax treatment depends on whether the transaction has been structured as a share transfer, the sale of assets or sale of a business as a going concern.