Installment Sale Rental Property- Property Type code definition

TangledMess · ‎April 7, 2023

Does "residential lot" include a residential home? (or does "lot" mean undeveloped?)

I reviewed Form 6252 instructions and do not find definitions.

PatriciaV · ‎April 9, 2023

A "residential lot" is a platted section of a residential neighborhood that has not been developed.

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PatriciaV · ‎April 9, 2023

A "residential lot" is a platted section of a residential neighborhood that has not been developed.

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Nikkitonkakc · ‎April 13, 2023

Which code for mobile home on land, thx

Nikkitonkakc · ‎April 13, 2023

Which code to use for description for mobile home on land, thx

DianeW777 · ‎April 13, 2023

Choose a code from the following list (Form 6252 & Instructions:(

1. Sale property is timeshare or residential lot.

2. Sale by an individual of personal-use property (within the meaning of section 1275(b)(3)).

3. Sale of any property used or produced in the trade or business of farming (within the meaning of section 2032A(e)(4) or (5)).

4. All other installment sales not listed.

@Nikkitonkakc

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corinneL · ‎February 27, 2025

so, the exchange of residential rental property would be a type 4. All other installment sales not listed?

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