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    srobinson06's Avatar
    srobinson06 Posts: 2, Reputation: 1
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    #1

    Apr 16, 2012, 06:31 PM
    How does two siblings report an installment sale on taxes?
    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...
    ebaines's Avatar
    ebaines Posts: 12,131, Reputation: 1307
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    Apr 18, 2012, 12:16 PM
    You each report your "share" of the sales proceeds and also your share of the cost basis and expenses.
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