Form 6252 - Form 6252 Installment Sale Income Attach to your tax return Use a separate form for each sale or other disposition of property on the

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Form 6252 Department of the Treasury Internal Revenue Service Installment Sale Income ' Attach to your tax return. ' Use a separate form for each sale or other disposition of property on the installment method. OMB No. 1545-0228 20 09 Attachment Sequence No. 79 Name(s) shown on return Identifying numbe r 1 Description of property ' 2 a Date acquired (mm/dd/yyyy) ' b Date sold (mm/dd/yyyy) ' 3 Was the property sold to a related party (see instructions) after May 14, 1980? If “No,” skip line 4 . . . . Yes No 4 Was the property you sold to a related party a marketable security? If “Yes,” complete Part III. If “No,” complete Part III for the year of sale and the 2 years after the year of sale . . . . . . . . . . . . Yes No Part I Gross Profit and Contract Price. Complete this part for the year of sale only. 5 Selling price including mortgages and other debts. Do not include interest whether stated or unstated 5 6 Mortgages, debts, and other liabilities the buyer assumed or took the property subject to (see instructions) . . . . . . . . . . . 6 7 Subtract line 6 from line 5. . . . . . . . . . . . . . . 7 8 Cost or other basis of property sold . . . . . . . . . . . 8 9 Depreciation allowed or allowable . . . . . . . . . . . . 9 10 Adjusted basis. Subtract line 9 from line 8 . . . . . . . . . 10 11 Commissions and other expenses of sale . . . . . . . . . 11 12 Income recapture from Form 4797, Part III (see instructions) . . . 12 13 Add lines 10, 11, and 12 . . . . . . . . . . . . . . . . . . . . . . . . . 13 14 Subtract line 13 from line 5. If zero or less, do not complete the rest of this form (see instructions) 14 15 If the property described on line 1 above was your main home, enter the amount of your excluded gain (see instructions). Otherwise, enter -0- . . . . . . . . . . . . . . . . . . . 15 16 Gross profit. Subtract line 15 from line 14 . . . . . . . . . . . . . . . . . . . 16 17 Subtract line 13 from line 6. If zero or less, enter -0- . . . . . . . . . . . . . . . . 17 18 Contract price. Add line 7 and line 17 . . . . . . . . . . . . . . . . . . . . 18 Part II Installment Sale Income. Complete this part for the year of sale and any year you receive a payment or have certain debts you must treat as a payment on installment obligations. 19 Gross profit percentage (expressed as a decimal amount). Divide line 16 by line 18. For years after the year of sale, see instructions . . . . . . . . . . . . . . . . . . . . . . 19 20 If this is the year of sale, enter the amount from line 17. Otherwise, enter -0- . . . . . . . . 20 21 Payments received during year (see instructions). Do not include interest, whether stated or unstated 21 22 Add lines 20 and 21 . . . . . . . . . . . . . . . . . . . . . . . . . . 22 23 Payments received in prior years (see instructions). Do not include interest, whether stated or unstated . . . . . . . . . . . 23
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This document was uploaded on 04/20/2010.

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Form 6252 - Form 6252 Installment Sale Income Attach to your tax return Use a separate form for each sale or other disposition of property on the

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