I have the same question.
I owned a Franchise as an LLC, file as a partnership on 1065.
Sales agreement breaks out Inventory, Equipment and Goodwill and will be paid out over 42 months.
I have updated assets as sold and it flowed to Form 4797, added interest received this year as 'Other income', but how is the rest of the funds accounted for? I want to see if it makes sense to do an Installment sale or take the hit now, but not sure where to enter that.
Thanks
