I am the executor of an estate that received income from an installment sale of the decedent's farm including primary residence. In years prior to the decedent's passing, they filed Form 6252 with their Form 1040 return. I am doing the estate's taxes using TurboTax Business 2019 to file the Estate Return Form 1041.
The program is giving an error on Form 6252 saying that line 15 ("If the property described on line 1 was your main home, enter the amount of your excluded gain. Otherwise, enter -0-") should be blank. But since it WAS their main home when they executed the installment sale, they entered a non-zero value on that line in their tax return the year the sale was made (this affects the Gross Profit Percentage, line 19). The program is saying Part I (Gross Profit and Contract Price, lines 5-18) are to be completed for all years of the installment agreement, but the 2018 version of Form 6252 that their accountant used when he prepared their taxes for 2018 says that section (Part I) is only required for the first year of the installment agreement. Is the program in error in saying line 15 should be blank, or is the program in error in saying that Part I is required even after the first year of the installment agreement, or have I (and their accountant in previous years) actually made an error?
