Form 6252 - Installment Sale Income
Form 6252 is used to report income from casual sales during the current tax year of real or personal property (other than inventory) if the taxpayer will receive any payments in a tax year after the year of sale. Do not file Form 6252 for sales that do not result in a gain, even if you will receive a payment in a tax year after theyearofthe sale. Do not file Form 6252 to report sales during the tax year of stock or securities traded on an established securities market. Instead, treat all payments as received during this tax year.
Which Parts To Complete
Year of Sale
Complete lines 1 through 4, Part I, and Part II. If you sold property to a related party during the year, also complete Part III.
Later Years
Complete lines 1 through 4 and Part II for any year in which you received a payment from an installment sale.