Gloria,
Please read below, which is located to the right of Part 1 heading on form 6252:
"Part I
Gross Profit and Contract Price. Complete this part for all years of the installment agreement."
Form 6252 Form instructions under What's New:
What’s New
Installment sale reporting. In 2020 and later, if you have an outstanding installment sale balance after the initial year, complete lines 1 through 4, Part I, and Part II for each year of the installment agreement. If you sold property to a related party during the year, also complete Part III.
Instructions for line 26:
"If the property was section 1250 property (generally, real property that you depreciated) held more than 1 year, figure the total amount of unrecaptured section 1250 gain included on line 26 using the Unrecaptured Section 1250 Gain Worksheet in the Instructions for Schedule D (Form 1040)."
If you read the whole request, when I enter my information under installment sale, the amount from line 26 is not flowing to the Section 1250 Gain Worksheet. This is what I need help with.
