Instructions for Form 8594. (Rev. 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.How do I fill this out? To fill out Form 8594, first gather all necessary documentation related to the asset sale. Instructions for Form 8594, asset acquisition statement under section 1060 Available Online. Actions. Print. Citation. If you're buying or selling a business, the Internal Revenue Service requires you to complete Form 8594. Use this helpful guide to assist you along the way. Individual Taxpayers.