Form 6252 error

Forum|Forum|6 years ago
February 4, 2020
12 replies
71 views

Warning, form 6252 for Installment sales on business returns is not functioning correctly since the requirement to enter sale info even after the year of sale. New this year. Problem is with the flow. Gross amount is showing on income reconciliation and it shouldn't, only current year. K-1 is correct. Been on hold 2 days in a row, over an hour, and today I got disconnected after AN HOUR AND HAD TO START OVER!! nOT A HAPPY CAMPER WITH PS

ProSeries Professional

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The_AntiTax_Man

Level 7

For 2019: Form 6252, Part I, Gross Profit and Contract Price. Complete this part for all years of the installment agreement.

For 2018 and prior years: Form 6252, Part I, Gross Profit and Contract Price. Complete this part for the year of sale only.

So, PS is picking up Form 6252, Part I, prior year sale info and including it as a current year sale? If so, that is a problem that PS needs to fix pronto.

W

WmlbrownAuthor

Level 2

AFTER 4 1/2 hours of holding and talking over 2 days and 3 calls, I got PS to realize they had an error on the form. It is now a case being worked on. Like I have time now to do that!

IntuitAustin

Level 10

Our development team is working on a fix for this that should go out in a release in the near future.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Accept as solution"

Just-Lisa-Now-

Intuit Community Champion

I know this has been mentioned n the past week, not sure if a mod was tagged or not.

@IntuitAustin

Is this functioning correctly, or does some work still need to be done to this form....I know it was mentioned last week as well, maybe youre already working on getting info about it....I dug around a bit but I couldn't find the previous post.

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

IRonMaN

Level 15

@Maxine had a question on not being able to enter accumulated depreciation on the 6252 on a 1040. Austin was tagged but I don't believe he ever entered the arena.

Slava Ukraini!

Just-Lisa-Now-

Intuit Community Champion

I thought it was Maxine, but I havent found a way to search posts by UserID, makes me struggle to find old posts!

♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪

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