pyle-patty
Level 3
11-16-2023
01:45 PM
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When I go into sch E or Sch F to mark the assets sold as installment sale, it won't let me use the same
6252. I am pretty sure I need to allocate the selling price between the two parts of the sale as well as
the payment received in 2023. (And all future payments). So, I am assuming I will have 2 Forms 6252.
The house is really only worth what the land value it is sitting on is, so assuming that is a loss, maybe I
only have one 6252 and allocate full selling price to the house to be shown in 2023, and balance of land
as installment sale in 2023 and future years....Maybe only one Form 6252. Thoughts?