Your best option is to apply this payment as a reduction in the purchase price. If this agreement was included in the sales agreement, you have good support for treating the income as part of the sale.
Your other option is to report this as Other Reportable Income (under Less Common Income >> Miscellaneous Income).
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
