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- disposition of installment sale (bankruptcy)
disposition of installment sale (bankruptcy)
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dmr
Level 2
04-13-2021
04:30 PM
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How can I report the disposition of installment sale. Buyer filed bankruptcy, no income to my client and she can't retrieve anything from the shop. I am thinking just on schedule D
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1 Comment 1
dkh
Level 15
04-19-2021
10:19 AM
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Taxpayer takes back possession of property - correct? No payments received then there's no income to report. Don't know if it Is necessary to report anything to IRS. Possibly mark 6252 as final??? What would you put on Schedule D?
