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I AM FILLING OUT FORM 6252 INSTALLMENT SALE. WHERE DO YOU LIST THE INTEREST RECEIVED ON THAT FORM?

joe4
Level 1
 
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sjrcpa
Level 15

Interest doesn't go on the 6252. It goes wherever you'd enter any other interest income.


ex-AllStar

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sjrcpa
Level 15

Interest doesn't go on the 6252. It goes wherever you'd enter any other interest income.


ex-AllStar

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IRonMaN
Level 15

But ProSeries does have a box to actually enter interest on the 6252 worksheet.

ACME Taxes, Tatoos, Tires and Turtles (I've expanded my line of products to better serve you)
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abctax55
Level 15
Hmmmmmmmmmmmmm.....imagine that.  Guess Susan & I should stick to Lacerte questions :joy::joy:
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IRonMaN
Level 15
They are different.  As a matter of fact, if you enter a -1 into the software, you actually end up with a -1 :wink::wink:
ACME Taxes, Tatoos, Tires and Turtles (I've expanded my line of products to better serve you)
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abctax55
Level 15
LOL...I had a K-1 last year where the rental loss actually WAS -1.  I had to finagle things to get the totals to match.  
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abctax55
Level 15

You don't.  

Interest income goes to Sch B, no matter what the *source*.

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