2024年12月27日 · Line 21 of Form 6252, Installment Sale Income, is for reporting the "Payments received during the year." This includes all cash and the fair market value of any property or services received. Since a down payment is a cash payment made at the time of sale, it is considered part of the payments received during the year and should be included on ...

2025年3月7日 · I started receiving income on an installment sale in 2018 and have filed form 6252 each year with the income for that year. This year, 2024, I received a large payment so that line 21 on the form, which is the payment received in the last year, now exceeds line 18, the contract price. Turbotax says ...

2025年2月26日 · Have a few acres of pasture land that we sold in an installment sale last year, on a 5 year payment schedule with the seller. The title company handling the sale sent a 1099 S for the entire sale amount. I was under the impress that I report this sale on 6252 as an installment sale, what is the corr...

2025年3月6日 · To report Section 1250 depreciation on Form 6252 (Installment Sale Income), follow these steps. Open you TurboTax return. Go to income; Less Common income; Installment Sales ; As you begin answering questions about your property, it will eventually ask you to enter the type of property it is.

2024年3月13日 · When I go the the 6252 form on the .gov site, it does not have the property type question on the 2023 form. Why does turbotax program require an entry when it is not even asked for on current form? There is certainly no instructions there one how to fill it out.

2025年1月6日 · Hi, I inherited 1/2 interest in a real estate contract that my parent's had carried in 2014. They filed Form 6252 from that year till their passing in 2022. I followed the prompts in TurboTax to create an installment sale on my tax return. I used 1/2 …

2023年1月4日 · If you use TurboTax Online, the Premier and Self-Employed versions include Form 6252. If you use the CD/Download TurboTax software, all versions include Form 6252. ‎January 4, 2023 6:22 AM

2020年2月9日 · In March 2018, I sold a rental property on the installment basis. For my 2018 return, Form 6252, I typed in the following values: 1) Selling price - Part I, Line 5 2) Mortgages, debts - Part I, Line 6 3) Basis of property sold - Part I, Line 8 4) Depreciation allowable - Part I, Line 9 5) Expenses ...

2019年6月3日 · To include Form 6252 for an installment sale in TurboTax Busness please follow these steps: While in your return, click Federal Taxes > Income; On the Use of Your Business Asset screen, mark the Yes radio button to answer Did you dispose of any assets in 20XX? Click Continue; On the Select Disposed Asset screen, click the Select box next to the ...

2025年2月21日 · Form 6252 Yes, the opinion of value is the amount that you should use as your basis for the building. Make certain that you save all of the records associated with that should there ever be any questions.