Solved
How do I report installment sales?
Client is selling farm equipment in installments. Was wondering how I report this. And what do I put under dispositions in assets? Any help would be greatly appreciated. Thank you!
IRonMaNAnswer
Level 15
December 6, 2019
Yes, use the dispositions section and click on the 6252 box. However, depending on how much depreciation was taken, the whole gain may end up stuck in 2017 because of depreciation recapture.
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