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Join nowWe're cash basis, so I've created an invoice and listed each inventory item and quantity to draw them down to zero.
I then added a discount line to reduce the price of the inventory portion down according to the sale agreement.
Now, as far as goodwill...I need to account for it somehow on the invoice. Plus it is not to be taxed at regular income but as long term capital gains. So I'm still confused on how to account for this portion.