LLC asset sale

[gowllc]

Sold the LLC assets in 2020. We still own the LLC. Sale is an installment sale. Entered the sold assets/sale price. Shouldn't this activity show up on Form 4797? This form was not created by TT. I see 6252 & 8594 created. I'm concerned I did something incorrectly in TT. Any ideas 

[tagteam]

It appears as if there may be an input error. You should go through your return and review the responses and, if correct, contact phone support.

What is the TurboTax phone number? (intuit.com)

[npierson7]

This is correct. Installment sale should be reported on Form 6252 and informational Form 8594 should be added to the return. However, the Form 4797 and Schedule D also need to be created to report gain and loss on the sale.  

What is IRS Form 6252: Installment Sale Income

Installment Sales

Please, double check your return, and if you sure there is no such forms, contact TurboTax customer service before you file your return. 

[gowllc]

thank you ... i will.

[gowllc]

that's what i thought after researching. thx!