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sgschulze
New Member

When I do the review of my taxes, it keeps showing up I need to fill in from for 6252. We haven't sold any homes since 2001

Why would I need this form now, when I haven't any other year
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3 Replies
KarenM90
Expert Alumni

When I do the review of my taxes, it keeps showing up I need to fill in from for 6252. We haven't sold any homes since 2001

Form 6252 is for an installment sale of an asset.

 

This form is used if you sell an asset,  but receive principal and interest payments over time. 

 

All interest is taxable and the principal payments are generally partially taxable, as received each year,  based on the Gross Profit Percentage of the original sale, up until the entire amount of gross profit on the sale has been recognized

 

 

If you have recognized all of the gross profit from your 2001 or any other sales, you can delete that form from TurboTax:

  1. Open or continue your return in TurboTax.
  2. In the left menu, select Tax Tools and then Tools.
  3. In the pop-up window Tool Center, choose Delete a form.
  4. Select Delete next to the Form 6252 and any related schedules or worksheets.

 

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MamaKZ
New Member

When I do the review of my taxes, it keeps showing up I need to fill in from for 6252. We haven't sold any homes since 2001

I have the same issue but am using a Turbo Tax Deluxe downloaded to my Mac and it does not have a Tools section to use to delete. it. What now?

Anonymous
Not applicable

When I do the review of my taxes, it keeps showing up I need to fill in from for 6252. We haven't sold any homes since 2001

In upper left corner of TT, click Forms.

Scroll down the list and click the form you want to delete.

Click Forms menu at top and Remove xxxxx (name of form)

Unlock tailored help options in your account.

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