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Gain on repossession installment sale
I sold a lot to my son last year- installment sale 5000 down. This year his mind changed(mutually fine) so I will do a repossession per cpa advice. I paid 2500 capital gains last year so I will pay the other 2500 capital gains this filing season. How and where do I report this on Turbotax? Original installment was reported on 6252. thanks
‎November 1, 2024
11:39 AM