I have a client that sold their business.   $300,000.   $60,000 for assets, $10,0000 non compete, $230,000 good will.  Installment sale .    doing this in 2019 Lacerte.  

Installment sale- received $ 84,964.56 received 1st year.

I am filling out the depreciation page and not getting it to work, and am hoping someone can let me know what I am doing wrong. 

Assets have a basis of $ 36,534.00 , sold for $60,000- so there is a recapture of $23,466.00 that needs to occur.   ( total assets were $ 237,719, Accumulated depreciation $ 201,185).  $ 175,014 was section 179, 10,328.00 was bonus and 15,843.00 was normal depreciation).  I did remember that  all the gain needs to be recognized this year as it is recapture.  The K-1 supplemental information is stating:   Sale price correctly, the cost correctly, the section 179 previously reported correctly,  but is stating depreciation allowed or allowable as $ 26,172.00.  Shouldn't this be $23,466?     

Then if  I allocate $60K of the $84,964.56 received this year to the asset sale, that leave $24,964.56 that I can allocate to Good will and Covenant not to compete.   Goodwill will go as a capital gain and the covenant not to compete will go as ordinary income.     Do I set up 2 installment sales? ( one for goodwill and one for the non compete) or can they be combined into one? 

I believe I would enter both the Goodwill and Covenant not to compete on the disposition page.

I want to thank you in advance for any insight you can give me, is greatly appreciated.

Jacquie.