Form 6252 require if no gain on sale of primary residence?

[linduca1216]

If there is no gain on the sale of a  primary residence, must form 6252 be completed?
Am thinking no.   Interest will be reported, however.   Also the interest  amount isn't flowing to 
Schedule B.   What am I not doing that I should be?!

[sjrcpa · Accepted solution]

I'd kill the 6252. It is only used for gains.

Enter the interest in Schedule B.

[BobKamman]

I would report the sale on Form 8949 and Schedule D, even if not otherwise required, to show that you are electing out of instalment method.  

[Terry53029]

On schedule B, quick zoom at top of form to enter seller financed interest, as you need to put payers name, SS, address, and amount

[linduca1216]

I agree.  Found a worksheet that can be used to enter Seller-Fin just under Schedule B, then Int/Div Summary.   The same info that would be at the bottom of 6252 can be entered there.   Borrower name, address, amount, ss#.

Now the challenge will be to get the ss# from the borrower...

Thank you!

[linduca1216]

Yes, thank you!

I found it in the list of forms, but clicking on it from Sched B is easier...