620044
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

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

My tax return needs to include Installment Sale Income, in prior years I used Form 6252 to report it. Does the Premier product have that capability?

 
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
DDollar
Expert Alumni

My tax return needs to include Installment Sale Income, in prior years I used Form 6252 to report it. Does the Premier product have that capability?

Yes, TurboTax Online Premier does support Form 625 - Installment Sales.  To enter your installment sale, while logged in to your return:

  • Type "Installment Sales" in the search window, and hit "Enter".
  • Click on "Jump to Installment Sales"
  •  On the screen "Any Other Property Sales?"  mark the box next to: "Sales of real estate, cars, or anything else for which you receive payments over two or more tax years (installment sales)"
  • The interview will guide you through entering your Installment Sale(s)


View solution in original post

1 Reply
DDollar
Expert Alumni

My tax return needs to include Installment Sale Income, in prior years I used Form 6252 to report it. Does the Premier product have that capability?

Yes, TurboTax Online Premier does support Form 625 - Installment Sales.  To enter your installment sale, while logged in to your return:

  • Type "Installment Sales" in the search window, and hit "Enter".
  • Click on "Jump to Installment Sales"
  •  On the screen "Any Other Property Sales?"  mark the box next to: "Sales of real estate, cars, or anything else for which you receive payments over two or more tax years (installment sales)"
  • The interview will guide you through entering your Installment Sale(s)


Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question