S-Corp Asset sale - I sold my business (s-corp) via an asset sale. $25,000 for a non-compete(Class VI), and $600,000 for Goodwill (class VII) which is recorded on Form 8594 and attached to 1120s. $300,000 down and the remaining balance in installments Form 6252.
I have entered the Non-Compete on Form 4797 as an intangible section 197 asset.
How do I enter the Goodwill (Class VII)? on form 6252? little confused any help would be great
