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how installment sale of primary residence

Level 2

how to show Sec 121 exclusion on Form 6252 re installment sale of primary residence

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4 Replies 4
Level 15

I would start by not using a form 6252.  If you have no gain to report, you really don't have a reportable installment sale.

ACME Anvils and Psychiatric Services
Level 15

Look at Line 15 of Form 6252.


Level 7

Interest earned over the period of the sale loan would be taxable.

Level 12
Level 12

You need to research the details in pub 537