How to report sold property half cash half loan

[Min2021]

Sold business goodwill on $500,000.00, paid 250,000.00 on cash and  promissory loan $250,000.00 in 3 years. the cost of goodwill: $1,106,000.00 accumulated amortization :$927.000.00. how to post the goodwill sold in Lacerte?

[abctax55]

You may be able to do it thru the depreciation screen.  But I think, as it is an instalment sale, you have to go thru the dispositions screen.

[Min2021]

Thank you for the reply - I think the cash payment should be trade as principle payment on current year. 

[abctax55]

That, AND any principal payments received on the note in the current year.