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Investors & landlords
Beginning in 2019, the IRS now requires that Form 6252, Part I, Gross Profit and Contract Price, be completed every year, not just for the year of sale as was the rule previously.
You might have to go back to the 6252 in your return for the year of the sale to retrieve that information to enter it into the 2019 Form 6252.
March 27, 2020
2:02 PM
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