I sold our book of business (bookkeeping) in 2016 (C corp is continuing under a non-compete) and started to received $ plus interest for 10 years. Do I enter this as goodwill under an installment sale? Don't have an asset in service for goodwill in prior years. Do I create a new (goodwill) asset with basis of $0? We started our business ourselves and didn't purchase it from a prior owner.
