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Level 3
January 21, 2025
Question

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:

  • January 21, 2025
  • 1 reply
  • 10 views

Only the part on line 24 (6252 Instalment sale income should be transferred to to the 4797.

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1 reply

IRonMaN
Level 15
January 21, 2025
gslaytonAuthor
Level 3
January 25, 2025

Yes, thank you. It turns out that I had not marked the appropriate box on the depreciation schedule.