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Level 4
September 1, 2020
Question

I need help with entering installment sale. I follow the instructions, but I am lost when I am actually on the "Sale of Asset 4797,.... And where to enter the interest?

  • September 1, 2020
  • 2 replies
  • 13 views
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2 replies

sjrcpa
Level 15
September 1, 2020

Interest gets entered where any other interest income would.

The more I know the more I don’t know.
IRonMaN
Level 15
September 1, 2020

Every now and then my curiosity gets the best of me and I just have to ask ——— what got you thinking that interest belonged on the 4797?

Slava Ukraini!
George4Tacks
Level 15
September 2, 2020

@laval650 Are these the instructions you get stuck on? https://proconnect.intuit.com/community/form-8949/help/generating-form-6252-for-a-current-year-installment-sale/00/5825

If so, which line? 

If not, which instructions are you referring to? 

 

Answers are easy. Questions are hard!