Client sold a property using installment sale. ProSeries Basic want to transfer line 15 to form 4797 which results in the entire sale being taxable this year. Why: - Intuit Accountants Community

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Client sold a property using installment sale. ProSeries Basic want to transfer line 15 to form 4797 which results in the entire sale being taxable this year. Why:

Only the part on line 24 (6252 Instalment sale income should be transferred to to the 4797.

2 Comments 2

Dupilcate

https://accountants.intuit.com/community/proseries-tax-discussions/discussion/client-sold-a-property...

Slava Ukraini!

Yes, thank you. It turns out that I had not marked the appropriate box on the depreciation schedule.