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FORM 6252 LINE 5 PART 1

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Level 3

FORM 6252 LINE 5 PART 1 TAX YEAR 2019

Now requires line 5 to be populated??  This is Installment Sale has been "transferred" each year since 1999 when first reported WITHOUT this line being populated!!!!

Is this a "programming" error because it should not be calculated because it incorrectly calculates the answer.

ALSO, on line 1 their is a new "Property type code" drop down - there is nothing in the 6252 instructions for this?  What is that about?

 

Thanks

 

 

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You might find this conversation helpful

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/form-6252-change-for-20...

 

also if you Google -    New rules for Form 6252+proseries

you can see many more conversations regarding this frustrating change