UltraTax CS: Current-year payments received on a prior-year qualified real property installment sale (FAQ)

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Question

How do I enter the section 1245 and section 1250 portions of current-year payments for a prior-year qualified real property installment sale?

Answer

You can use one of the following two methods to enter current-year payments received on a prior-year installment sale of a qualified real property asset.

Related topic: Qualified real property FAQs

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