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If a capit asset is sold at a loss but there are princi installment paymts is loss reported on Sch D in the year of sale since the loss does not carry from Form 6252 ?

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Level 1

If a capital asset is sold at a loss, but there are still principal installment payments is the loss reported on Sch D reported in the year of sale since the loss does not carry from Form 6252 ?

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Level 8

Yes, you cannot have a loss and an installment sale.

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Yes, you cannot have a loss and an installment sale.

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