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-   -   How does two siblings report an installment sale on taxes form 6252? (https://www.askmehelpdesk.com/showthread.php?t=651599)

  • Apr 16, 2012, 06:20 PM
    srobinson06
    How does two siblings report an installment sale on taxes form 6252?
    Just trying to find out how two siblings should report an installment sale on their taxes on form 6252. Does each of them only report their portion of the sale or do they both report the full amount of the sale and only their portion of the interest? Any advice would be appreciated.
  • Apr 17, 2012, 04:22 PM
    AK lawyer
    Quote:
    Originally Posted by srobinson06 View Post
    Just trying to find out how two siblings should report an installment sale on their taxes on form 6252. Does each of them only report their portion of the sale or do they both report the full amount of the sale and only their portion of the interest? Any advice would be appreciated.
    Did they sell something they owned together? If so, each would report his or her receipt from the sale and received portion of interest.

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