The IRS changed the rules for Installment Sale Income. We're required to fill out Part One for all the years now, my sale was so many years ago, I no longer know what the sale price and my costs are. I know the Gross Profit Percentage. What's the formula to convert that back?
This thread explains more detail of the problem:
https://ttlc.intuit.com/community/taxes/discussion/re-errors-on-form-6252/01/1342326/highlight/true#...
@RobertG
posted
last updated
May 13, 2021
8:48 PM