How to generate 6252 for S Corp sale of Goodwill in Lacerte

Forum|Forum|4 years ago
September 1, 2021
2 replies
13 views

How to generate 6252 for S Corp sale of Goodwill in Lacerte? I tried entering in screen 23, but when I try to click 6252 option for current year installment sale it won't let me click it. It won't let me enter data anywhere in Screen 23 except the Schedule D sale price and costs and dates. How to I get Form 6252 to generate. I read the online instructions and they were not helpful.

Lacerte Tax

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Best answer by George4Tacks

Works fine for me.

George4TacksAnswer

Level 15

Works fine for me.

Answers are easy. Questions are hard!

A

accoun5Author

Level 5

Thanks- so much. I appreciate it. However, when I'm in screen 23 in the S Corp module, the only place I can enter data is sale, cost, sale date and purchase date. I can't access the principal payment or payment section below that you described because is is greyed out. Also, this is an actual sale of self-created goodwill so I don't think 8883.

abctax55

Level 15

Try clicking on the "+" to the left of the 'Current Year Installment Sale' to see if it opens up the grid.

HumanKind... Be Both

George4Tacks

Level 15

Should you be filing a form 8883?

Answers are easy. Questions are hard!

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