I sold the assets of my S-Corp last year to 2 different buyers . The Goodwill component of the 1st sale was for $250K on 7/18 and is being paid in 4 annual installments; the Goodwill component of the 2nd sale was $52,500 on 9/15 and is being paid in 3 annual installments. I have unamortized Goodwill on my Balance Sheet. When I enter the information about the 1st sale into Turbotax, it is easily linked to the Goodwill on my Balance Sheet and a Form 6252 is generated. My question is in regards to the second sale. Is there a way for me to link it to the same Goodwill intangible asset I have on my Balance Sheet, or do I have to create a new Goodwill asset and realize a 100% capital gain on each installment.
Thanks in advance for your insight.
