Installment sale of business in 2021with no installments received until 2022

[calbears]

I sold my one-half ownership of a general partnership to my business partner, effective 12/31/2021. The sale was based on monthly installments for the next few years. The first payment was not collected until mid-January 2022. Do I file a 6252, Installment Sale Income, and/or a 4197, Sale of Business Property? I tried filling out the 6252 but it seems to only ask the sales price and not how much I collected. Therefore, it wants to tax me on the full sales price. 

[PatriciaV]

If you received no principal payments on this installment sale, you have no gain on sale to report this year.

Note that in TurboTax Home & Business, installment sales are entered under Personal Income >> Less Common Income >> Installment Sales. This interview includes questions about principal payments you may have received, which is how the gain is recognized for tax purposes.

[calbears]

Patricia, thank you very much for responding. I was aware that I have no gain for 2021. I did not know to use the Personal Income >> Less Common Income >> Installment Sales. With your suggestion, I went through the interview questions and so far it seems to have worked. I was a little confused at first because the question as to Principal and Interest Received would not accept zeros. I eventually left them blank and my Federal Tax Due did not increase, so I assume leaving the field blank was the equivalent of zero. Thank you again!