Hi Martin,
Yes, thank you for your answer. I spoke with the buyer yesterday and he told me the name of his CPA. I will go to his CPA as well for advice - that way it will match. The sales contract does list the amounts, I just am not sure about whether the items should be ordinary income or LTCG and I am not sure about the Asset Class. I have seen conflicting things in articles on the web as well.
Thank you again,
Joe
