IRS form 6252 reports an installment sale. The income is apportioned over two or more years of payment. Follow these directions: Down the left side of the screen, click on Federal. Down the left side of the screen, click on Wages & Income. Click to the right of Less Common Income. Click to the right of Installment sales. At the screen Installment sales, select Yes.If the property was used as rental property or some business purpose, an installment sale question is among the questions in the sale of the business asset.

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Solved

How do I enter form 6252 via Turbo Tax?

Forum|Forum|11 months ago
April 15, 2025
2 replies
0 views

No text available

Best answer by DoninGA

To enter, edit or delete an Installment Sale -

Click on Federal Taxes (Personal using Home & Business)

Click on Wages & Income (Personal Income using Home & Business)

Click on I'll choose what I work on (if shown)

Scroll down to Less Common Income

On Installment Sales, click the start button

JamesG1

IRS form 6252 reports an installment sale. The income is apportioned over two or more years of payment. Follow these directions:

Down the left side of the screen, click on Federal.
Down the left side of the screen, click on Wages & Income.
Click to the right of Less Common Income.
Click to the right of Installment sales.
At the screen Installment sales, select Yes.

If the property was used as rental property or some business purpose, an installment sale question is among the questions in the sale of the business asset.

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