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Prior year installment sale on form 6252. Where do I indicate that it is a capital asset and should transfer to Schedule D from the 6252 instead of Sec. 1231?

pfdcpa
Level 2

In Pro Series there is a worksheet to indicate it is a capital asset.

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George4Tacks
Level 15

https://accountants-community.intuit.com/articles/1608420-entering-a-prior-or-current-year-installme... Default is capital asset

I think you might have put something in the 4797 section to trigger the 1231

Give some rough figures of what you see on the previous year 6252 and you might get a bit more help. 


Answers are easy. Questions are hard!

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George4Tacks
Level 15

https://accountants-community.intuit.com/articles/1608420-entering-a-prior-or-current-year-installme... Default is capital asset

I think you might have put something in the 4797 section to trigger the 1231

Give some rough figures of what you see on the previous year 6252 and you might get a bit more help. 


Answers are easy. Questions are hard!
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