Client sold a property using installment sale. ProSeries Basic want to transfer line 15 to form 4797 which results in the entire sale being taxable this year. Why:

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Best answer by Just-Lisa-Now-

Business property? Are you linking to the 6252 from an Asset Entry worksheet?

Did you complete Part I of the 6252 and the payments and interest received in the Smart Worksheet?

You may need to give us some details so we can follow along to see why things arent flowing properly.

Answer

Intuit Community Champion

Business property? Are you linking to the 6252 from an Asset Entry worksheet?

Did you complete Part I of the 6252 and the payments and interest received in the Smart Worksheet?

You may need to give us some details so we can follow along to see why things arent flowing properly.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

Level 3

Thank you. Thank you. Thank you.

I forgot to link to the 6252.

Level 15

What type of property? Are you sure you aren't just being subject to depreciation recapture?

Slava Ukraini!

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