ProConnect HelpIntuit HelpIntuit

How to enter a prior or current year installment sale (Form 6252) in ProConnect Tax

SOLVED•by Intuit•31•Updated over 1 year ago

To enter a current year installment sale follow these steps:

  1. Go to the Input Return tab.
  2. Select Income > Dispositions (Sch D, etc.) > Schedule D/4797/etc. from the left menu panel.
  3. Fill out the quick entry grid with the Description of Property, Date Acquired, and the Date Sold information.
  4. Select Details to expand the input.
  5. Go to the section tab Sale of Asset 4797, 6252.
  6. Scroll down to the section Current Year Installment Sale (6252) and enter any other information that applies to the installment sale.

ProConnect Tax only generates Form 6252 when the transaction produces a gain. If there's a loss, a worksheet will generate showing the calculation.

To enter a prior year installment sale follow these steps:

  1. Go to the Input Return tab.
  2. Select Income > Dispositions (Sch D, etc.) > Schedule D/4797/etc. from the left menu panel.
  3. Fill out the quick entry grid with the Description of Property, Date Acquired, and the Date Sold information.
  4. Select Details to expand the input.
  5. Go to the section tab Sale of Asset 4797, 6252.
  6. Scroll down to the section Prior Year Installment Sale (6252) and enter any other information that applies to the installment sale.

Was this helpful?

You must sign in to vote, reply, or post
ProConnect Tax

Sign in for the best experience

Ask questions, get answers, and join our large community of Intuit Accountants users.

Dynamic AdsDynamic Ads