I have entered a prior year installment loan as a disposition. This appears on Form 6252, I believe the amount on line 26 should flow over to Form 4797 Part II line 10, but it is not. Is there something I am missing?
In the little titles across the top is Sale of Asset 4797, ... The first entry has Depreciation allowed (-1=none, triggers 4797) Did you make an entry there?
It is an installment loan so income is received each year
I appreciate your response, I did try this, but it did not bring the balance over to the row I was trying to get the amount to
"It is an installment loan so income is received each year"
I know that, but the ordinary income part of the sale was fully taxable in the year of sale.
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