Joe-Serrone-EA
Level 1
12-06-2019
04:41 PM
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I have a client that disposed of some of his tangible S Corp. Assets and will be eligible for installment sales. I would like some clarification how the Form 6252 flows to the 1120S and subsequently to the K1. Once I complete the Form 6252 and find the Gross profit percentage this portion of the profit from the payments should be reported where exactly on the 1120S?
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