Maybe this is getting confused by the Class VII - Goodwill classification... Maybe the "asset" should be considered a Class VI - Intangible. There was no consideration to the "physical" items involved in the business as those items would go naturally via inheritance, the father is no longer involved with the business, so the son is just "buying" the "fees". There are no goods sold, just opinions that are paid for via fees. There really isn't anything to amortize. It's set up more like a mortgage/loan that the father has financed, but a 1098 wont work (I don't think), because there is no "property". 

Sorry to be a bother, but I want all parties to get what they deserve, and I can't figure out how to show that the son is spending the money, and thus write off the expense.