dkh
Level 15
02-09-2024
08:46 PM
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Have you entered the principal and interest taxpayer paid in 2023 on F6252 ?
If I remember correctly - the ordinary income portion attributed to the truck won't qualify for installment sale. Only capital gain amount, if there was any.
What was asset #4. Asset #1 Truck Asset 3&4 business name and goodwill.