Sale of Qualified Small Business Stock and Installment

Forum|Forum|2 years ago
June 21, 2024
2 replies
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How do I input a sale of qualified small business stock as an installment on Pro Series. I have created the sale of the stock on the 1099-B worksheet and check the box Gain from this is Qualified Small Business excludable under Section 1202 code Q. (eligible for 50% exclusion). I do not see how I can tie this sale to an installment agreement. What is the proper way to report?

ProSeries Professional

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T

Terry53029

Intuit Community Champion

Use Form 6252, Installment Sale Income to report an installment sale in the year the sale occurs and for each year of the installment obligation. You also use the 1099B worksheet only for the gain you receive each year.