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graber38
Level 2
December 1, 2020
Question

how installment sale of primary residence

  • December 1, 2020
  • 4 replies
  • 12 views

how to show Sec 121 exclusion on Form 6252 re installment sale of primary residence

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4 replies

IRonMaN
IRonMaN
Level 15
December 1, 2020

I would start by not using a form 6252.  If you have no gain to report, you really don't have a reportable installment sale.

Slava Ukraini!
    T
    TaxGuyBill
    December 1, 2020

    Look at Line 15 of Form 6252.

     

      clr600
      clr600
      Level 7
      December 1, 2020

      Interest earned over the period of the sale loan would be taxable.

        T
        Terry53029Intuit Community Champion
        Intuit Community Champion
        December 1, 2020

        You need to research the details in pub 537

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