Hello Tax Experts,

I have spent hours reading and calling and still have questions. I have a client that is an S Corp. He sold most of the assets (about 25) for $570,000 ,  a gain of 500.000.  No depr recapture, many are 10+ years old. 

He also sold goodwill - 1,000,000.   There is an installment agreement for 5 years. I do have Form 8594 filled out.   (he is original owner, no purchased GW)

In 2019 he received 720,000.  His business is still operating, just on a smaller scale. 

SO far I've entered the sales date on all the assets, no amount on the AEW.  Should I figure the pro-rata amount for all these assets, resulting in a large gain on 4797?   Will that look ridiculous? 

Form 4797, page 2 includes installment sales, but would you have to enter all the assets again or have multiple 6252s?

Is there a way to record a bulk sale? 

Since he received more than the cost of the assets (720 - 570,000)  should I not include the assets as part of the installment sale?   Then the installment sale would just be for the 1,000,000, showing receipts in 2019 of 150,000 and 100% profit?   Or use the GP % from the assets (.92) for the payments. 

Everything states to to record sale of goodwill on Sch D but that just duplicates the amount - no way to have Schedule D tie into the 6252 ?

Using ProSeries. 

Thank you 

Sherri