Form 6252

Forum|Forum|6 years ago
February 24, 2020
7 replies
52 views

No text available

TurboTax Home & Biz Windows

Best answer by Anonymous_

You need to answer "No" to the question as to whether you received payment in more than one tax year.

Anonymous_

Level 15

Do you have a question about the form?

RitaNigriAuthor

Level 2

Yes, it is showing up on my 2019 tax return. I sold a condo in 2007???

How do I get rid of this form for 2019?

Thanks,

Rita

Anonymous_Answer

Level 15

You need to answer "No" to the question as to whether you received payment in more than one tax year.

ulisse2000

Level 2

I have a question concerning errors that I am getting on form 6252.

I sold a rental property in 2006 and, over the years, I have been receiving installment payments.

This year TT is giving me errors on form 6252, column 5 looking for "Selling price including mortgages and other debts...." and column 8 looking for "Cost or other basis of property sold."

I have looked for these amount in 2018 TT returns and these fields are blank.

Part I - Gross profit and contract price, for 2019, it asks to "Complete this part for all years of the installment agreement" while the previous years it asked "complete this part for the year of sale only".

Please advise. I don't know where I can get that info.

Thank you!!!

AnnetteB6

Level 15

You should be able to only enter the gross profit percentage and move forward.

@ulisse2000

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Kevin46

Level 2

@AnnetteB6, please see this reply on another post to basically the same question. That reply includes screen shots of this year's Form 6252 and last year's Form 6252 in which the instructions for what is required to be filled out on the form have changed.

Given that, would you mind explaining why you say that we "should be able to only enter the gross profit percentage"?