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Level 1
December 7, 2019
Solved

Where to input interest payable on deferred tax on obligation from installment sale over $5,000,000

  • December 7, 2019
  • 3 replies
  • 13 views

have a client with an installment sale exceeding $5,000,000 at end year and computing interest payable on deferred tax.  need to know where to input in program

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Best answer by sjrcpa

I haven't had to use this in a while but I think it's under Taxes/Other Taxes

3 replies

Accountant-Man
Level 13
December 7, 2019
Why? What return, 1120?
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sjrcpa
Level 15
December 7, 2019
Section 453A.
The more I know the more I don’t know.
sjrcpa
sjrcpaAnswer
Level 15
December 7, 2019

I haven't had to use this in a while but I think it's under Taxes/Other Taxes

The more I know the more I don’t know.