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- NH Return in Lacerte, have installment sale on sale of assets
NH Return in Lacerte, have installment sale on sale of assets
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Books3
Level 1
03-22-2022
10:21 PM
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Preparing a 2020 individual return; Disposition screen has installment sale of assets with current year principal payments. Form 6252 is correct. I manually input the gain in screen 51.311 for the NH return. The NH-1040 has page 3 with #1g of $10,504 (correct); carries down to line #5 Gross Business Profits of $10,504. Page 3 has line #7 of $10,504; #8 is 1.0000; #9 NH Taxable Business Profits $10,504. Line 10 has no computation of the tax ($10,504 x 7.7% = $809). Line 12 has no computation due.
I've looked through every screen for an override. No idea why it's not calculating.
I called NH DRA to verify a tax should be calculated and yes, it does.
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1 Comment 1
gpbunner
Level 1
04-03-2024
03:36 PM
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I am having this same issue in 2023. Was a solution ever found???
