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. â–« Seller reports Adjusted Deemed Sales Price (as determined under Treas.Unless Seller elects the installment method or is eligible for the "open transaction" method, Seller must use the "closed transaction" method. Form 8594 is a tax document required in certain business sales where the buyer acquires assets rather than stock or equity. With more than 2,800 federal and state forms and schedules, including state resident, part-year resident, nonresident, and automated. We offer several ways for you to obtain Maryland tax forms, booklets and instructions. You can also file your Maryland return electronically online. The sum of the amounts allocated to Classes IV and V are reported in the aggregate on Form 8594. See Appendix A; see also T.D. 8711 (Jan.