Boy, talk about brain-fry. Just re-read my own post and I couldn't figure out what I meant, either!
Almost entire sale was "goodwill"; $5K was non-compete and $40K was inventory; about 2/3 paid on signing and the remainder over calendar 2009 assuming certain sales goals were met, with final payment possibly spilling into calendar 2010.
I figured most was Section 1231 but ATX listed choices of 1245, 1250, 1252, 1254, 1255, and "none". That threw me for a loop and I started second, third, and fourth-guessing myself. That got worse when I went to look up Section 1252, 54, 55 property and could find nothing except listings of their existence. Have since turned to other returns (this guy's stalled so long, he gets back in line _behind_ all my 2009 extension clients) so I still haven't found what property those three sections cover.
Hope this is at least marginally clearer.
Thanks,
Catherine