dmr
Level 2

How can I report the disposition of installment sale.  Buyer filed bankruptcy, no income to my client and she can't retrieve anything from the shop.  I am thinking just on schedule D

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dkh
Level 15

Taxpayer takes back possession of property - correct?    No payments received then there's no income to report.  Don't know if it Is necessary to report anything to IRS.   Possibly mark 6252 as final???   What would you put on Schedule D?

 

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