Welcome back! Ask questions, get answers, and join our large community of tax professionals.
Showing results for 
Search instead for 
Did you mean: 

I need help with entering installment sale. I follow the instructions, but I am lost when I am actually on the "Sale of Asset 4797,.... And where to enter the interest?

Level 2
Labels (1)
0 Cheers
3 Replies 3
Level 15

Interest gets entered where any other interest income would.

Level 15

Every now and then my curiosity gets the best of me and I just have to ask ——— what got you thinking that interest belonged on the 4797?

ex-AllStar, ex-Lutefisk taste taster, ex-ACME product tester
and ex marks the spot where those rocks and anvils hit me.
Level 15

@laval650 Are these the instructions you get stuck on? https://proconnect.intuit.com/community/form-8949/help/generating-form-6252-for-a-current-year-insta...

If so, which line? 

If not, which instructions are you referring to?