Skip to main content
February 21, 2025
Question

how to mark installment sale as main home

  • February 21, 2025
  • 1 reply
  • 0 views
No text available

    1 reply

    AmyC
    February 21, 2025

    The program knows it is your main home because that is how it begins, from sale of main home.

    Go through those question. This will allow you take the exclusion amount to which you are entitled while any taxable portion goes to the 6252.

     

    Follow these steps:

    1. Open to federal income
    2. Scroll down to sale of home
    3. answer questions, enter prices and dates
    4. answer questions
    5. Select yes when asked about payments after 2024.
    6. Select yes to installment sale
    7. continue answering questions

     

    The instructions for each line are below the form, see About Form 6252, Installment Sale Income.

     

     

     

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"