OK, the client gave me final information on the asset sale. 

The only thing that changed is that goodwill is $438K (not $440K), noncompete $1K and transition assistance (employees) $1K.

I understand that the AR ($50K) and inventory ($114K) purchases will be reported as ordinary income in the current year operations.

My understanding is that the noncompete and transitions assistance are to be reported as Other Income on Schedule K line 10. However, PS doesn't provide a code that seems to apply to these items. Would code ZZ - Other income (loss) apply?

How and where do I enter the $438K amount that is designated as goodwill?

Where do I enter the SH basis to reduce the gain from the asset sale?

Thank you.