2536715
Rental property that I sold in 2021 as installment sales. I go though the process and the software is suppose to create a new 6252 form. Instead it overwriting the last 6252 form. This happen ever year. Anyone has a fix for it?
You'll need to sign in or create an account to connect with an expert.
Please clarify. Are you referring to Form 6295 or Form 6252? What do you mean by last 6252 form? You sold the property in 2021 so 2021 should be the first year for Form 6252. Did you sell previous properties, on installment sales, in prior years?
Form 6252 Installment sales.
Last form = I have 16 installment sales from prior years. The last installment sale property is over written each time instead of creating a new form. I should end up with 18 installment sales form 6252. Two new ones for 2021.
This happen before and I had to create manually new form 6252 for each installment sale. For some reason the software has glitched again this year.
The first thing I suggest you do is clear your cookies and your cache.
I created a test installment sale in TurboTax Online and I was able to enter a new one. Below are my steps:
[Edited 03/02/22|5:54 am PST]
I am using the desktop version. Not the online version.
The CD\Download version is connected to the internet for updates so clearing your cookies and your cache still applies.
When you enter an installment sale, you need to identify the rental property that the installment sale relates to. On the Rental or Royalty Activity screen, make sure you're selecting the rental that the installment sale relates to and NOT a previous installment sale.
I'm sorry can someone else answer. As a computer engineer I am very familiar with cookies and cache and they are only used by a internet browser and not your internet connection and have nothing to do with the data on the desktop version. . Also you are showing my a screen shot of the internet version though a browser.
This is a database issue as it happen last year also.
Is there any database utilities available for turbotax that will check and repair the database . I have a very large database and it would take a very long to restart and re-enter all of the information.
The problem is when I select that a rental property has been sold. It is suppose to create a new 6295 form.
What it is doing is over writing the last 6295 for of another property.
This is a software glitch. That hasn't been fixed for years and happen once you reach the max amount of 6295 forms that the software supports. Even if you delete a 6295 form . It still happens.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
alincicum
New Member
Daytonmark
New Member
cathiebb78
Level 2
tompatty66
New Member
Raph
Community Manager
in Events