1120S Form 6252 line 21 error

dheinrich — Mon, 22 Mar 2021 22:12:19 GMT

I am reporting an Installment Sale

Line 1is Amortized Organization Costs

Property type code is 2

I received error on Form 6252 Line 21

Re: 1120S Form 6252 line 21 error

Anonymous_ — Mon, 22 Mar 2021 23:36:01 GMT

It is not clear how you are entering this transaction so you might want to provide more details.

Regardless, if you are preparing Form 6252 in Forms Mode, you need to enter the principal payments received in the Payments Received and Unrecaptured 1250 Gain Smart Worksheet (Line A in Part II of Form 6252).

topic 1120S Form 6252 line 21 error in Business & farm

1120S Form 6252 line 21 error

Re: 1120S Form 6252 line 21 error