EN$-$US

The case study states that an amount for goodwill was included in the sales contract. How is this amount reported on the tax return?

$$As income in Part I of Schedule C

$.$

$$As a long

$-$

term capital gain on Form

$8$

$9$

$4$

$9$

$$and Schedule D

$.$

$$As a gain from the sale or exchange of property in Parts I and III of Form

$4$

$7$

$9$

$7$

$.$

$$As an ordinary gain from the disposition of property in Parts II and III of Form

$4$

$7$

$9$

$7$

$.$