Installment sale reporting

[Taxmaster Ann]

I have previously used Lacerte to prepare taxes for an S Corporation.   Corporation sold a rental building in 2021 on an installment contract and I reported that using the Lacerte program.     This year I am using Turbo Tax and cannot find where to enter the payment received in 2023 on that contract.   Any advice would be welcome!

[Rick19744]

While I am not in a Windows environment, you should be able to search for form 6252.

Here you will need to input all the information from the prior form 6252 and then enter the current year amount received.

When  looking at the 2022 form 6252, make sure you add in any 2022 funds received when reflecting this on the 2023 form.