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Business & farm
Thank you PatriciaV, for the response.
Yes, I did have a gain on the sale, and it did exceed the accumulated depreciation, so that is not the issue. However I must thank you as you triggered a thought. I had assigned all the gain on sale to the building and 0 gain to the land (as bldg and land is sold together I considered this an arbitrary choice). I tried moving $1 of gain to the land so both land and building show a gain and this did successfully trigger the Installment Sale module.
I suppose the lesson learned is the gain on sale must be distributed such that both show a gain to trigger the Installment Sale module.
Thanks again.
‎January 24, 2024
9:03 AM