Alabama 40NR - reporting self financed sale of rental real estate...

[edwardf1939]

How to report the sale of commercial rental property when self financed by seller on installments. Schedule D on Alabama 40NR does not provide an installment sales option for reporting.

[CatinaT1]

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[edwardf1939]

I am using Turbo Tax Premier desktop edition with Alabama state download. Evidently the Alabama 40NR return does not include a form for reporting installment sales of real estate the same as the Federal 1040 form 4797 and form 6252.  A google search solution for reporting installment sales of real estate with seller financed installment sales was to include a statement with the tax return indicating the intention of selling on the installment basis with the information that was included on the Federal form 4797 and 6252.

[DianeW777]

If you would like to send us a “diagnostic” file that has your “numbers” but not your personal information it would help.  If you would like to do this, here are the instructions: 

TurboTax Online:

Go to the black panel on the left side of your program and select Tax Tools. 

1. Then select Tools below Tax Tools. 
2. A window will pop up which says Tools Center.  
3. On this screen, select Share my file with Agent. 
4. You will see a message explaining what the diagnostic copy is.  Click okay through this screen and then you will get a Token number. 
5. Reply to this thread with your Token number and your state. This will allow us to open a copy of your return without seeing any personal information.  

TurboTax CD/Download:

If you like, you can send a copy of your return that will be scrubbed to eliminate your personal data by using these steps:

1. Click on Online in the top left menu of TurboTax CD/Download for Windows
2. Select 'Send Tax File to Agent'
3. Write down or send an image of your token number and state then place in this issue.
4. We can then review your exact scenario for a solution.
5. Please also tell us any states included in the return. This is necessary for us to view the return.

We will then be able to see exactly what you are seeing and we can determine what exactly is going on in your return and provide you with a resolution. 

@edwardf1939