I have a client that sold their S-Corp assets, goodwill & going concern.

The sale was December 29, 2022.  No money was received in 2022.

The sale price was $234,287

Assets $25,000

Receivables $24,287

Going Concern/Goodwill $185,000

The undepreciated assets as of 12/29 are $73,187 (mostly undepreciated Leasehold improvements)

Considering no cash was received in 2022, I am assuming an installment is appropriate. 

But.... do I have a reportable loss on the fixtures, equipment and leasehold improvements for 2022? Or would I allocate some of the basis to the $185,000? I am not sure how to do this in Proseries. 

Any advice is appreciated.