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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. View ProConnect Hot Topics.
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- Re: How do I record the disposition of multiple business assets in an installment sale without generating multiple Form 6252?
How do I record the disposition of multiple business assets in an installment sale without generating multiple Form 6252?
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ecorreia
Level 1
03-14-2022
04:08 PM
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There was a downpayment. Assets are real property, buildings and equipment
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George4Tacks
Level 15
03-15-2022
10:29 AM
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https://proconnect.intuit.com/community/federal-taxes/help/entering-a-bulk-sale/00/3683
For each class of asset enter the first one with all the information to do the 6252, the others just get date of sale and a link to that first asset.
You will also need to do Form 8594
Answers are easy. Questions are hard!
