Form 6252 2014

For capital assets enter this amount on Schedule D as a short- or long-term gain on the lines identified as from Form 6252. If you completed Part II enter the sum of lines 22 and 23. Otherwise enter all money and the FMV of property you received before 2014 from the sale. Cat. No. 13601R Form 6252 2014 Page 2 General Instructions Section references are to the Internal Revenue Code unless otherwise noted. Future Developments For the latest information about developments related to Form 6252 and its instructions such as legislation enacted after they were published go to www.irs.gov/form6252. 523 Selling Your Home for details. Part II Installment Sale Income Enter the gross profit percentage expressed as a decimal amount determined for the year of sale even if you did not file Form 6252 for that year. Page 4 Line 33 Enter all money and the FMV of any property or services you received in 2014. Include as payments any amount withheld to pay off a mortgage or other debt or to pay broker and legal fees. If you did not receive any payments in 2014 enter zero. If in prior years an amount was entered on the equivalent of line 34 of the 2014 form do not include it on this line. Instead enter it on line 23. See Pledge Rule earlier for details about proceeds of debt secured by treated as payments on installment For trade or business property held more than 1 year enter this amount on Form 4797 line 4. If the property was held 1 year or less or you have an ordinary gain from the sale of a noncapital asset even if the holding period is more than 1 year enter this amount on Form 4797 line 10 and write From Form 6252. Form Department of the Treasury Internal Revenue Service Installment Sale Income OMB No* 1545-0228 Description of property Date acquired mm/dd/yyyy b Date sold mm/dd/yyyy Was the property sold to a related party see instructions after May 14 1980 If No skip line 4. complete Part III for the year of sale and the 2 years after the year of sale. Part I Gross Profit and Contract Price. Complete this part for the year of sale only. Selling price including mortgages and other debts. Do not include interest whether stated or unstated Mortgages debts and other liabilities the buyer assumed or took the property subject to see instructions. Subtract line 6 from line 5. Cost or other basis of property sold. Depreciation allowed or allowable. Adjusted basis. Subtract line 9 from line 8. Commissions and other expenses of sale. Income recapture from Form 4797 Part III see instructions. Add lines 10 11 and 12. If the property described on line 1 above was your main home enter the amount of your excluded gain see instructions. Otherwise enter -0-. Gross profit. Subtract line 15 from line 14. Contract price. Add line 7 and line 17. Gross profit percentage expressed as a decimal amount. Divide line 16 by line 18. For years after the year of sale see instructions. If this is the year of sale enter the amount from line 17. Otherwise enter -0-. Payments received during year see instructions.