I am not sure what you mean by how was it handled. I have used Turbo Tax Business for my business for over a decade. I filed my 2020 taxes indicating that 2020 would be my final filing year. The busines is gone. The 51 form 6252's were the result of disposing of all the assets of the business that was or once was on my depreciation documents for the business. As you can imagine there were multiple cases of acquisition dates and a couple different disposal. dates. So now in the second year of the installment sale I have to report the income/gains for the second year payments on my 1040. The problem is that Turbo Tax Deluxe only allows 25 entries so I have reported less than half of the paymenst so far. Am I making this too complicated? Is it as simple as treating it as one composite sale on my 1040 for the balance of the installment period?
