I AM FILLING OUT FORM 6252 INSTALLMENT SALE. WHERE DO YOU LIST THE INTEREST RECEIVED ON THAT FORM?

[sjrcpa · Accepted solution]

Interest doesn't go on the 6252. It goes wherever you'd enter any other interest income.

[IRonMaN]

But ProSeries does have a box to actually enter interest on the 6252 worksheet.

[abctax55]

Hmmmmmmmmmmmmm.....imagine that.  Guess Susan & I should stick to Lacerte questions :joy:

[IRonMaN]

They are different.  As a matter of fact, if you enter a -1 into the software, you actually end up with a -1 :wink:

[abctax55]

LOL...I had a K-1 last year where the rental loss actually WAS -1.  I had to finagle things to get the totals to match.  

[abctax55]

You don't.  

Interest income goes to Sch B, no matter what the *source*.