Installment Sale and Form 6252

[BON]

I have as client that entered into an installment sale for Vacant Land in July 2021 and I entered everything and it generated Form 6252.  Now in April of 2022 it was paid off.  Question is Where do I enter the payoff information? Client purchased vacant land in 2015 for $19000 and sold in 2021 for $48000.   Form 6252 generated for tax year 2021 = $6,546 gain

Thank You

[abctax55 · Accepted solution]

The 'payoff' as well as the principal portion of the payments prior to payoff all go on Screen 17, code 36.   5 lines down under Sections (left side)  "Prior Year Installment Sale (6252).

[BON]

Thank You

[abctax55]

YVW