My business is a c-corp. We had an asset sale in 2021. There was goodwill paid to us, but most of it is in the form of a Note Receivable that will be due in full after the new owner's SBA loan is paid off (potentially 25 years).
So on my books I have:
Cash xxx
Note Receivable xxx
Deferred Gain on Goodwill xxx
Gain on Sale of Goodwill xxx
How can I show this via Turbo Tax Business?
And Yes, form 8594 is complete.
