The Reefer Sneefer
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Resolved: TurboTax calculated the principle so I reported it as a long term capital gain.
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Resolved: TurboTax calculated the principle so I reported it as a long term capital gain.
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@RobertGHow do I get the cost basis and sale price from a Gross Profit Percentage of 0.9464?
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That solution works if you know what you sold the property for and prior income/ principle paid. My sale was so many years ago, I don't have that info.The probl...
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Same thing happened to me. It has something to do with Part One that never had to be filled out for subsequent years. I no longer know what the sale price was o...
Activity Feed for The Reefer Sneefer
- Posted Re: Errors on form 6252 on Get your taxes done using TurboTax. May 14, 2021 11:06 PM
- Posted Re: INSTALLMENT SALE: What is the formula for converting Gross Profit Percentage to find Cost Basis and Selling Price? on Investors & landlords. May 14, 2021 11:05 PM
- Posted INSTALLMENT SALE: What is the formula for converting Gross Profit Percentage to find Cost Basis and Selling Price? on Investors & landlords. May 13, 2021 8:48 PM
- Posted Re: Errors on form 6252 on Get your taxes done using TurboTax. May 13, 2021 8:12 PM
- Posted Re: Turbo Tax Online-Installment Sales Principal "Fill-in Box" not flowing to other forms correctly. on Get your taxes done using TurboTax. May 13, 2021 7:58 PM
- Cheered Re: Turbo Tax Online-Installment Sales Principal "Fill-in Box" not flowing to other forms correctly. for Stantheman6. May 13, 2021 7:54 PM
- Posted Re: Why is turbo tax not reporting my capital gains from an installment sale as income? on Investors & landlords. May 13, 2021 7:49 PM
- Cheered Re: Why is turbo tax not reporting my capital gains from an installment sale as income? for mickeyphilli. May 13, 2021 7:49 PM
- Posted Re: Installment Sale Income - IRS Form 6252 on Investors & landlords. May 13, 2021 7:40 PM
- Cheered Re: Installment Sale Income - IRS Form 6252 for skeltonj. May 13, 2021 7:37 PM