Intuit HelpIntuitHow to enter a prior or current year installment sale (Form 6252) in ProConnect Tax
by Intuit•8• Updated 1 year ago
Remember, you only need to complete either the current year or prior year sections, not both.
To enter a current year installment sale follow these steps:
- Go to the Input Return tab.
- Select Income > Dispositions (Sch D, etc.) > Schedule D/4797/etc. from the left menu panel.
- Fill out all the fields in the quick entry grid with all the relevant information.
- Select Details to expand the input.
- Go to the section tab Sale of Asset 4797, 6252.
- Scroll down to Current Year Installment Sale (6252) and enter any other information that applies to the installment sale.
ProConnect Tax only generates Form 6252 when the transaction produces a gain. If there's a loss, a worksheet will generate showing the calculation.
To enter a prior year installment sale follow these steps:
- Go to the Input Return tab.
- Select Income > Dispositions (Sch D, etc.) > Schedule D/4797/etc. from the left menu panel.
- Fill out all the fields in the quick entry grid with all the relevant information.
- Select Details to expand the input.
- Go to the section tab Sale of Asset 4797, 6252.
- Scroll down to the section Prior Year Installment Sale (6252) and enter any other information that applies to the installment sale.
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