turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Attend our Ask the Experts event about Deciphering Your Tax Forms on Feb 19! >> RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Error efile denied

I cannot efile because the final check noticed I did not put in a buyer's SSN for a owner finance property.
They will not give me their SSN, How can I get around this problem and efile ?

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
ToddL
New Member

Error efile denied

Unless you made the installment sale to a related person (see below), you are not required to report the buyer's tax id number (SSN or EIN) on the actual Form 6252: Installment Sale Income. The IRS asks for the Buyer's SSN on Schedule B, however, its inclusion or exclusion will not affect your tax return (it may, however, affect your ability to e-file).

If the Buyer was a related party, you will need to get the SSN whether you e-file or mail the return.

If the Buyer is not a related party and you want to e-file, you will have to enter an SSN for the buyer, wherever the program asks for it. 

You can enter your own SSN if you like; it doesn't affect your tax calculation, You can enter a "dummy SSN" (e.g. 305-44-0001, a dummy number we use for training). I personally would just use my own SSN. If you don't feel comfortable with this approach, then you will have to file by mail without the Buyer SSN (write "Not Available").

Related persons include, for example, you and a member of your family (spouse, brother, sister, parent, child, etc.), you and a corporation in which you have more than 50% ownership, you and a partnership in which you directly or indirectly own more than a 50% interest of the capital or profits, and two partnerships in which you directly or indirectly own more than 50% of the capital interests or profits.

View solution in original post

5 Replies
ToddL
New Member

Error efile denied

Did you give the buyer your SSN?

Error efile denied

Yes, I gave him an EIN
ToddL
New Member

Error efile denied

And on what form/interview are you getting the error for missing Buyer's SSN?

Error efile denied

Form 6252 Installment Sale AND Schedule B Seller - Financed Mortgage Interest Statement
ToddL
New Member

Error efile denied

Unless you made the installment sale to a related person (see below), you are not required to report the buyer's tax id number (SSN or EIN) on the actual Form 6252: Installment Sale Income. The IRS asks for the Buyer's SSN on Schedule B, however, its inclusion or exclusion will not affect your tax return (it may, however, affect your ability to e-file).

If the Buyer was a related party, you will need to get the SSN whether you e-file or mail the return.

If the Buyer is not a related party and you want to e-file, you will have to enter an SSN for the buyer, wherever the program asks for it. 

You can enter your own SSN if you like; it doesn't affect your tax calculation, You can enter a "dummy SSN" (e.g. 305-44-0001, a dummy number we use for training). I personally would just use my own SSN. If you don't feel comfortable with this approach, then you will have to file by mail without the Buyer SSN (write "Not Available").

Related persons include, for example, you and a member of your family (spouse, brother, sister, parent, child, etc.), you and a corporation in which you have more than 50% ownership, you and a partnership in which you directly or indirectly own more than a 50% interest of the capital or profits, and two partnerships in which you directly or indirectly own more than 50% of the capital interests or profits.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question