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Level 3
December 7, 2019
Solved

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?

  • December 7, 2019
  • 1 reply
  • 12 views

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

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Best answer by George4Tacks

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. 

1 reply

George4Tacks
Level 15
December 7, 2019

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. 

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