I have calculated the taxable gain on repossession of real property. 1) How do I enter that gain into TurboTax? I have read that this amount is supposed to be reported on the form used to report the sale. In this case, the installment sale profits are reported on Schedule D, line 4. These amount are actually fed from the Form 6252. What line do I use to report the gain on repossession? Do I enter on another form to feed to Schedule D? 2) Do I have to enter anything into Form 6252 to "close" the installment sale history?
