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

How to report 1099-CAP line 2 aggregate amount received

Level 1

My client sold stock of his S Corporation for $500K in 2020 and Form 1099-CAP line 2 shows $500K, but actually only received $200K in 2020.  Which amount and where do I report it on the 1040 tax return?

Labels (1)
0 Cheers
2 Replies 2
Level 15

It's an installment sale. Form 6252.


ex-AllStar
0 Cheers
Level 15

I've never seen one of these forms. 


ex-AllStar
0 Cheers