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I appreciate your response, I did try this, but it did not bring the balance over to the row I was trying to get the amount to
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It is an installment loan so income is received each year
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I have entered a prior year installment loan as a disposition. This appears on Form 6252, I believe the amount on line 26 should flow over to Form 4797 Part II ...
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Hello,Looking at the settlement statement from the lawyer I would say it was the assets of this business that were sold. They bought the name and all of the ass...
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do I have to show the sale of the s corp in the basis or enter as other income or something else?
