turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

1099NEC and Installment sale form 6252

I am a real estate agent. I sold a home last year. I received a 1099 NEC from my Broker. I am trying to process my taxes on Turbo Tax and it keeps saying I have to complete form 6252 Installment Sale. I did not do an installment sale. How do I fix this?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

2 Replies

1099NEC and Installment sale form 6252

Most likely, you made a wrong selection in the program (inadvertently). 

 

Go back through your return and check. 

rjs
Level 15
Level 15

1099NEC and Installment sale form 6252

Did you sell a home that you owned, or did you make a sale on behalf of a client, in your role as an agent? Is the 1099-NEC for your commission? Form 6252 is for the sale of property that you owned. If you were the agent for the sale of a client's home, you do not report it as a sale. You report the 1099-NEC, your commission, as business (self-employment) income.

 

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies