Form 6252 Installment Sale

memere6 · ‎February 16, 2020

On Form 6252 Installment Sale Part 1 Gross Profit and Contract Price #8 Cost or other basis of property sold.

What information do I use to answer this question?

The last payment on this installment sale was made in 2019.

DianeC958 · ‎February 17, 2020

#8 needs to know how much you paid for the property when you purchased it so it can calculate the gain or loss on the sale properly.

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