cclark
Level 3
03-21-2023
01:41 PM
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I have a couple who sold land on an installment agreement. The land sale was $725,000 and the buyer put a down payment of $200,000. The installment agreement is for $525,000. Where do I enter the cash down payment of $200,000? The installment agreement is for $525,000. The installment agreement is only for 5 years.
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IRonMaN
Level 15
03-21-2023
01:43 PM
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The 6252 starts off with the total selling price. The downpayment would be part of the current year collections.
Slava Ukraini!
