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To enter, edit or delete an Installment Sale -
Click on Federal Taxes (Personal using Home & Business)
Click on Wages & Income (Personal Income using Home & Business)
Click on I'll choose what I work on (if shown)
Scroll down to Less Common Income
On Installment Sales, click the start button
IRS form 6252 reports an installment sale. The income is apportioned over two or more years of payment. Follow these directions:
If the property was used as rental property or some business purpose, an installment sale question is among the questions in the sale of the business asset.
To enter, edit or delete an Installment Sale -
Click on Federal Taxes (Personal using Home & Business)
Click on Wages & Income (Personal Income using Home & Business)
Click on I'll choose what I work on (if shown)
Scroll down to Less Common Income
On Installment Sales, click the start button
Thanks for the reply!
I was able to successfully post my installment sales.
Patrick
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