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    how installment sale of primary residence

    graber38
    Level 2
    ‎12-01-2020 09:51 AM

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

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    4 Comments 4
    IRonMaN
    Level 15
    ‎12-01-2020 10:18 AM

    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.


    Ukraine - hang in there
    TaxGuyBill
    Level 15
    ‎12-01-2020 10:28 AM

    Look at Line 15 of Form 6252.

     

    clr600
    Level 8
    ‎12-01-2020 10:32 AM

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

    Terry53029
    Level 13
    Level 13
    ‎12-01-2020 11:28 AM

    You need to research the details in pub 537

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