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- Re: Where do you input receipt of payment on installment note from prior year sale?
Where do you input receipt of payment on installment note from prior year sale?
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Rose10
Level 1
10-13-2020
11:47 PM
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Good will was sold in 2018 on installment. How do you report receipt of payment in 2019?
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JMP
Level 3
10-14-2020
02:48 PM
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Sounds like you need to complete Part II of Form 6252. It's buried in one of the Schedule D screens. Here's an article on the subject: https://proconnect.intuit.com/community/individual/help/entering-a-prior-or-current-year-installment...
You'll need some information from the 2018 Form 6252. Also, I assume the payment didn't include any interest but if it did, the interest portion of the payment goes on Schedule B.
