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Level 1
March 14, 2022
Question

How do I record the disposition of multiple business assets in an installment sale without generating multiple Form 6252?

  • March 14, 2022
  • 1 reply
  • 6 views
There was a downpayment. Assets are real property, buildings and equipment
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1 reply

George4Tacks
Level 15
March 15, 2022

https://proconnect.intuit.com/community/federal-taxes/help/entering-a-bulk-sale/00/3683

For each class of asset enter the first one with all the information to do the 6252, the others just get date of sale and a link to that first asset.

You will also need to do Form 8594

 

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