TAXATION
Level 4
09-13-2020
11:59 AM
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FORM 6252 LINE 5 PART 1 TAX YEAR 2019
Now requires line 5 to be populated?? This is Installment Sale has been "transferred" each year since 1999 when first reported WITHOUT this line being populated!!!!
Is this a "programming" error because it should not be calculated because it incorrectly calculates the answer.
ALSO, on line 1 their is a new "Property type code" drop down - there is nothing in the 6252 instructions for this? What is that about?
Thanks
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dkh
Level 15
09-13-2020
12:43 PM
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New rules for 6252 this year
dkh
Level 15
09-13-2020
12:48 PM
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You might find this conversation helpful
also if you Google - New rules for Form 6252+proseries
you can see many more conversations regarding this frustrating change
