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Level 1
March 27, 2020
Question

I can not get the 6252 form correct as the last year did not require the same info

  • March 27, 2020
  • 2 replies
  • 24 views

 as this year

    2 replies

    March 27, 2020

    we can't see the form or your return.  what specifically is wrong?  line #'s what you think is wrong with the amount shown would help. . 

    Level 8
    March 27, 2020

    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.