Register
How is the installment sale of an entire business reported on the tax return?
139k views
5 votes
How is the installment sale of an entire business reported on the tax return?

User Kiow
by
6.6k points

1 Answer

4 votes
Use Form 6252 to report the income from the installment sale. The sale may also need to be reported on one or both of the following Forms: Schedule D (Form 1040) or Form 4797.
User Beryllium
by
6.2k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.2m questions

9.6m answers

Other Questions

What is meant by data mining ?
Identify the advantages and disadvantages of a command economy.
How can life expectancy and literacy rates affect the quality of labor in the economy?
Who controls the supply of money in the United States today? A. The United States Treasury B. The Federal Reserve System C. Congress D. The Bureau of Engraving and Printing
Analyze and identify the role of the government in a free enterprise economy.
Link Copied!