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

Where do you input receipt of payment on installment note from prior year sale?

Rose10
Level 1
Good will was sold in 2018 on installment.  How do you report receipt of payment in 2019?
0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Comment 1
JMP
Level 3

Sounds like you need to complete Part II of Form 6252. It's buried in one of the Schedule D screens. Here's an article on the subject: https://proconnect.intuit.com/community/individual/help/entering-a-prior-or-current-year-installment...

You'll need some information from the 2018 Form 6252. Also, I assume the payment didn't include any interest but if it did, the interest portion of the payment goes on Schedule B.