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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View Lacerte Hot Topics.
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BON
Level 3
03-06-2022
08:22 PM
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I have a client that sold a land parcel in AZ and he lives in CA. Do I just report the Interest Income in 2021 or do I have to enter other information and if so where would I enter the information. From what I read he does not realize a gain until paid in full.
Thank You
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BobKamman
Level 15
03-06-2022
08:28 PM
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Sounds like an instalment sale and Form 6252 to me.
