how to file form 6252 installment sale income
the taxpayer must input their name and identification number an employer identification number for a corporation or a social security number for an individual the next section deals with information about the property including description and date of acquisition and sale part i deals with gross profits and the contract price this part is completed for all years of the installment agreement the next section part ii outlines information about the installment sale income part iii which is not filled out if the taxpayer received the final payment in the tax year deals with information about related party sale income form 6252 is available on the irs website 1 special considerations when filing form 6252 installment sale incomenew rules in 2018 allow taxpayers to defer part or all of their capital gains into a qualified opportunity fund in order to qualify for the deferral taxpayers must consider the following other relevant formsas mentioned above if the taxpayer is opting to defer any or all of their capital gains into a qualified opportunity fund they must also file form 8949 sales and other dispositions of capital assets these funds were designed by the 2017 tax cuts and jobs act tcja to help create economic development and jobs they also need to file form 8997 every year in which they hold an investment in a qof 