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Under less common income i entered installment sales. I don't see the amount anywhere on my form 1040. I do show a form 6252
I can't find my installment sales on form 1040
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Under less common income i entered installment sales. I don't see the amount anywhere on my form 1040. I do show a form 6252
This is how you can track your installment sale income:
Your installment sale income will go on line 26 on Form 6252, which carries to line 4 or line 11, Schedule D.
It then gets carried to Schedule 1, line 13. That gets combined with other Schedule 1 items, and goes to line 6, Form 1040.
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Under less common income i entered installment sales. I don't see the amount anywhere on my form 1040. I do show a form 6252
This is how you can track your installment sale income:
Your installment sale income will go on line 26 on Form 6252, which carries to line 4 or line 11, Schedule D.
It then gets carried to Schedule 1, line 13. That gets combined with other Schedule 1 items, and goes to line 6, Form 1040.
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