How do I use installment sales option for non QSB stock? Turbotax says it doesn't qualify for installment sale but form 6252 nowhere mentions that there is any such limitation? Is there a way to use 6252 for non QSB stock in Turbotax 2023?
You'll need to sign in or create an account to connect with an expert.
No, the sale of stock is not allowed to be reported on the installment method. Report that sale in full in the year of sale.
Installment method rules don't apply to sales that result in a loss. You can't use the installment method to report gain from the sale of inventory or stocks and securities traded on an established securities market. You must report any portion of the gain from the sale of depreciable assets that's ordinary income under the depreciation recapture rules in the year of the sale. For additional situations and information about when you can't report payments on the installment method, see Publication 537, Installment Sales.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Raph
Community Manager
Melinda2538
New Member
Peach347
New Member
s1n1s1n1
Returning Member
DanTheDapperMan
Level 1
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.