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INSTALLMENT SALE

ktroz
Level 3

Does an upfront down payment need to be entered somewhere in Pro Series?

The details are that my client received $20000 as a down payment and provided me with the principal and interest amounts. It has been a rental property that has been on his return in previous years and not sure if the down payment will be a part of the total capital gain on the property or needs to be reported seperate.

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IRonMaN
Level 15

Check out form 6252


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