Home Sale split into 4 parcels - one parcel Land Contract

Forum|Forum|3 years ago
April 8, 2023
3 replies
27 views

Help please.

gain on 3 paid parcels exceeds the $500,000 exclusion

if I enter all 4 parcels on Home Sale Worksheet and check the 6252 installment sale box on Home Sale Worksheet it throws everything to 6252.... doesn't seem correct to then enter principal received for the 3 paid parcels

Can I just enter the 3 paid parcels on Home Sale Worksheet and the land contract parcel on 6252 since the exclusion is used on the 3 paid parcels

I need a nap.

ProSeries Professional

This topic has been closed for replies.

Best answer by sjrcpa

"Can I just enter the 3 paid parcels on Home Sale Worksheet and the land contract parcel on 6252 since the exclusion is used on the 3 paid parcels"

I don't see a reason you can't.

sjrcpaAnswer

Level 15

"Can I just enter the 3 paid parcels on Home Sale Worksheet and the land contract parcel on 6252 since the exclusion is used on the 3 paid parcels"

I don't see a reason you can't.

The more I know the more I don’t know.

PATAX

Level 12

I have one on extension. I have not completed one in a while. This is the second time I'm typing this since it **bleep** up to that. Hopefully this third time typing it will work. What a joke.

PATAX

Level 12

Looks like the clowns at intuit will not let me type my message in. WTF.

PATAX

Level 12

What I wanted to say was what is on the 1099-S that was issued? Which method better matches up to that ? For some reason it keeps entering "bleep" when I type that in. Why is it saying "bleep" when it's not a bad word? Time to go to sleep early.

sjrcpa

Level 15

It's been happening to a lot of us lately.

The more I know the more I don’t know.

IRonMaN

Level 15

What a bunch of **bleep••. ••bleep**Intuit for this ••bleep•• ••bleep•• useless **bleep** forum and this stupid ••bleep•• censorship that is **bleep••.

Since Intuit is censoring everything, I thought I would just type bleep and let everyone reading this fill in the bleeps with their favorite cuss words.

Slava Ukraini!

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