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Help please.
gain on 3 paid parcels exceeds the $500,000 exclusion
if I enter all 4 parcels on Home Sale Worksheet and check the 6252 installment sale box on Home Sale Worksheet it throws everything to 6252.... doesn't seem correct to then enter principal received for the 3 paid parcels
Can I just enter the 3 paid parcels on Home Sale Worksheet and the land contract parcel on 6252 since the exclusion is used on the 3 paid parcels
I need a nap.
Best Answer Click here
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"Can I just enter the 3 paid parcels on Home Sale Worksheet and the land contract parcel on 6252 since the exclusion is used on the 3 paid parcels"
I don't see a reason you can't.
Ex-AllStar
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I have one on extension. I have not completed one in a while. This is the second time I'm typing this since it **bleep** up to that. Hopefully this third time typing it will work. What a joke.
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What I wanted to say was what is on the 1099-S that was issued? Which method better matches up to that ? For some reason it keeps entering "bleep" when I type that in. Why is it saying "bleep" when it's not a bad word? Time to go to sleep early.
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What a bunch of **bleep••. ••bleep**Intuit for this ••bleep•• ••bleep•• useless **bleep** forum and this stupid ••bleep•• censorship that is **bleep••.
Since Intuit is censoring everything, I thought I would just type bleep and let everyone reading this fill in the bleeps with their favorite cuss words.
Slava Ukraini!