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I'm confused. I've seen the f6252.pdf. The instructions say "Additional Information
See Pub. 537 for additional information,
including details about reductions in
selling price, the single sale of several
assets, like-kind exchanges, dispositions
of installment obligations, and
repossessions."
p537 says how to recompute the reduced price using Worksheet B
<a rel="nofollow" target="_blank" href="https://www.irs.gov/publications/p537">https://www.irs.gov/publications/p537</a> (find Selling Price Reduced there)
But it doesn't say how to report it with 6252.
Are you saying that I should skip Part I, Adjust the gross profit percentage (line 19), and just report the new installment?
See Pub. 537 for additional information,
including details about reductions in
selling price, the single sale of several
assets, like-kind exchanges, dispositions
of installment obligations, and
repossessions."
p537 says how to recompute the reduced price using Worksheet B
<a rel="nofollow" target="_blank" href="https://www.irs.gov/publications/p537">https://www.irs.gov/publications/p537</a> (find Selling Price Reduced there)
But it doesn't say how to report it with 6252.
Are you saying that I should skip Part I, Adjust the gross profit percentage (line 19), and just report the new installment?
‎June 1, 2019
10:28 AM