@los2369 wrote:
Hello,
Yes, I failed to report the sale of my home in 2018, I didn't think I had to because we were under the capital gains threshold. Most of the funds went into the new home. So that did cause me to get the CP2000 letter. I did an amended return and I don't have a tax liability but the IRS still wants a 6252 filled out. I just don't understand the questions.
The Form 6252 is used for installment sales. Was this a seller financed home that you sold under an installment sale where you receive payments from the buyer?
If you sold the home and have received the total sales price at the time of the sale, there is not a need for a Form 6252.
