How to make installment sale capital gain flow to ... - Intuit Turbo Real Money Talk
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Level 3

How to make installment sale capital gain flow to schedule D

I have self created goodwill sold in an installment sale. I've filled out form 6252, and for line 16, the installment sale gain should be reported on "schedule d or form 4797". Instructions for 6252 seem to suggest it should only flow to Schedule D (line 11) because it is a capital asset, not 1231 asset. However it is also flowing to form 4797 line 4 (section 1231 gain from installment sales). How do i stop it from flowing here too?

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Level 20

How to make installment sale capital gain flow to schedule D

You should contact Support (link below) during regular business hours for this transaction.

 

https://ttlc.intuit.com/community/using-turbotax/help/what-is-the-turbotax-phone-number/00/25632

 

I am not certain whether you can enter this transaction in Step-by-Step Mode or whether you would have to enter the transaction in Forms Mode, possibly with overrides.