report rental property Installment sales on form 6252

[skyworks]

I have entered disposition on the asset quick entry ( it is seller financed, installment sales),

on the same asset quick entry screen, under section for form 6252, I have entered the Property Code (4 -instalmenet) and amount of principal received.

I also entered Sec 1250 unrecapture gain (had manually calculated ), but the unrecapture gain did not show on form 6252 line25.  Is it right?

Anyone knows how to handle this?

[TaxGuyBill · Accepted solution]

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@skyworks wrote:

I also entered Sec 1250 unrecapture gain (had manually calculated ), but the unrecapture gain did not show on form 6252 line25.  Is it right?

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Yes, that is right.  Line 25 is for recapture of depreciation, not Unrecaptured Section 1250 Gain (look at Line 19 of Schedule D to make sure that the Unrecaptured is flowing correctly).

[skyworks]

Thanks, just saw your response