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K
ktrozzo
Level 2
February 28, 2026
Question

Final payment on installment sale Form 6252

  • February 28, 2026
  • 3 replies
  • 13 views

Is there anything additional that I need to enter or checkmark on Form 6252 or Form 4797 to finalize an installment sale?  Thus far, I have entered the Total principal payments and Interest payments on Form 6252 in Proseries.

3 replies

IRonMaN
IRonMaN
Level 15
February 28, 2026

Nope

Slava Ukraini!
    K
    ktrozzoAuthor
    Level 2
    February 28, 2026

    how do i finalize the sale of the asset? Do I have to enter the sale date somewhere?

    IRonMaN
    IRonMaN
    Level 15
    February 28, 2026

    The asset was sold the date that the installment sale began.  The taxpayer has just been acting as a bank since that date.

    Slava Ukraini!
      K
      ktrozzoAuthor
      Level 2
      March 2, 2026

      How does the program recapture prior depreciation in this process? It was a rental on Schedule E for prior years

      taxiowa
      taxiowa
      Level 8
      March 2, 2026

      If you have a little magic marker, then check Box G in the first smart sheet section of the 6252.  But then you have to wash your screen so just use an x there.  

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