Accomacktax
Level 2

client has an installment sale of various properties  on Schedule E I marked all depreciation with the date only and I figured the depreciation recapture the problem is  I put in the selling price and I also put in the installment sale price cost basis  commissions and other expenses the client has received interest only from July 29 th till 12/31/2022  the program is calculation is on the entire sale price and this is not the year of the sale it is not a main home it is calculating the  gross profit on line 16 and line 17 is calculating the gross profit  but for 2023 they are receiving  interest only they have not received the contract sale price to date but will happen sometime this year  line 20 asks if this is the year of the sale which i believe should be zero but it is calculating the gross profit  where am i going wrong? here  Any help????

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