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Hello,
I have an installment sale of a commercial building that was a rental. I entered the sales price, closing cost and amount allocated to the land. My form 6252 is calculating good with current year income $859. Now form 4797 page 2 is being populated with only the building cost, prior depreciation... with gain of $29k line 24, 26c, 30 & 32. With this, the person is being taxed on the full amount, though they have not been paid. How do I fix this?
Note first year software user.
Thanks,
Windora
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