Marie Posted March 2, 2015 Report Posted March 2, 2015 Is there an election for this? Or by reporting the entire sale in one year is that the election? I have a sale of rental house and acres. We want to report and pay taxes all in one year even though they will make payments in 2015 and possibly 2016. Quote
jklcpa Posted March 2, 2015 Report Posted March 2, 2015 Reporting the entire sale IS the election, and don't use 6252 at all. Use the other appropriate forms of 8949 and 4797. 1 Quote
TAXMAN Posted March 3, 2015 Report Posted March 3, 2015 reporting the sale in full on the return is an election out. No funny boxes or check marks to be made. Quote
kcjenkins Posted March 3, 2015 Report Posted March 3, 2015 Think of it like MFS, you 'elect' it by doing it. Quote
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