I sold a small U.S. business on a note while living abroad. Does Form 6252 still work if I am a foreign seller and the deal included goodwill, equipment, and inventory?
I am based in Germany and sold a U.S. e-commerce business for about $310,000. The buyer paid $60,000 at closing and signed a three-year note for the rest. The deal included brand goodwill, a customer list, some equipment, and inventory. I had assumed the whole transaction would just go on Form 6252 because most of the money is coming later.
Now my accountant says the allocation across asset classes changes everything, especially the inventory and any recapture items. Before I lock in the reporting, I want to understand whether the installment method is still available in this mixed-asset business sale.
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