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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.
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- Re: Box 20 Code P Section 453A(C) information
Box 20 Code P Section 453A(C) information
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lorrytax
Level 1
04-14-2022
08:27 PM
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Where do I enter the data. It appears it was an installment sale of an asset. Partner is an individual and I have searched all over screen 20.1 and cannot find anything that is helpful.
Please, does someone understand this and can guide me.
thank you
Lorry Sorgman
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1 Comment 1
Dragon
Level 2
04-14-2022
08:38 PM
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If I'm understanding your question correctly, you would enter in the deposition screen and then go to installment sales. Individual would be screen 17, partnership screen 19, and in each scroll down to installment sales 6252. The corporations will has something similar.
Hope this helps.
