So much for MS Copilot.Google Gemini says:Yes, the down payment is included on line 21 of Form 6252.Line 21 of Form 6252, Installment Sale Income, is for report...
Also, MS copilot:Not includedThe down payment is not included on line 21 of Form 6252. Line 21 should only include the total amount of installment payments rece...
Interesting,this is the reply I got from MS copilot...where does down payment best go on Form 6252?When filling out Form 6252 for an installment sale, the down ...
Mike9241, what do you think about putting the 50K down payment in line 6?Seems to clean up everything and then I don't have to deal with Gross Profit percentage...
You are correct, 150K-160K balloon payment can happen any time in the next 5 years.I've put the numbers in as you directed, see image. Still not sure how 50K do...
