OMB No. 1545-0228 Installment Sale Income

Form 6252

 See separate instructions.  Attach to your tax return.

Department of the Treasury

Internal Revenue Service

 Use a separate form for each sale or other disposition of

property on the installment method.

Attachment

Sequence No. 79

Name(s) shown on return Identifying number

Description of property 

Date acquired (month, day, year)  / / Date sold (month, day, year) 

Was the property sold to a related party after May 14, 1980? See instructions. If “No,” skip line 4 Yes No

Was the property you sold to a related party a marketable security? If “Yes,” complete Part III. If “No,”

complete Part III for the year of sale and the 2 years after the year of sale Yes No

Gross Profit and Contract Price. Complete this part for the year of sale only.

1

Selling price including mortgages and other debts. Do not include interest whether stated or unstated

Mortgages and other debts the buyer assumed or took the property subject

to, but not new mortgages the buyer got from a bank or other source

2a

3

Subtract line 6 from line 5

4

Cost or other basis of property sold

5 5

Depreciation allowed or allowable

6

6

Adjusted basis. Subtract line 9 from line 8

7 7

Commissions and other expenses of sale

8 8

Income recapture from Form 4797, Part III. See instructions

9 9

Add lines 10, 11, and 12

10 10

Subtract line 13 from line 5. If zero or less, stop here. Do not complete the rest of this form

11

If the property described on line 1 above was your main home, enter the amount of your excluded

gain. Otherwise, enter -0-. See instructions

11

12

Gross profit. Subtract line 15 from line 14

12

13

Subtract line 13 from line 6. If zero or less, enter -0-

13

Contract price. Add line 7 and line 17

14 14

Installment Sale Income. Complete this part for the year of sale and any year you receive a payment or

have certain debts you must treat as a payment on installment obligations.

15

Gross profit percentage. Divide line 16 by line 18. For years after the year of sale, see instructions

15

16

For year of sale only: Enter amount from line 17 above; otherwise, enter -0-

16

17

Payments received during year. See instructions. Do not include interest whether stated or unstated

17

18

Add lines 20 and 21

18

Payments received in prior years. See instructions. Do not include

interest whether stated or unstated

19 19

20

Installment sale income. Multiply line 22 by line 19

20

21

Part of line 24 that is ordinary income under recapture rules. See instructions

21

Subtract line 25 from line 24. Enter here and on Schedule D or Form 4797. See instructions

22 22

Related Party Installment Sale Income. Do not complete if you received the final payment this tax year.

Name, address, and taxpayer identifying number of related party

Did the related party, during this tax year, resell or dispose of the property (“second disposition”)?

If the answer to question 28 is “Yes,” complete lines 30 through 37 below unless one of the following conditions is

met. Check only the box that applies.

The second disposition was more than 2 years after the first disposition (other than dispositions

of marketable securities). If this box is checked, enter the date of disposition (month, day, year)  / /

The first disposition was a sale or exchange of stock to the issuing corporation.

The second disposition was an involuntary conversion where the threat of conversion occurred after the first disposition.

The second disposition occurred after the death of the original seller or buyer.

It can be established to the satisfaction of the Internal Revenue Service that tax avoidance was not a principal purpose

for either of the dispositions. If this box is checked, attach an explanation. See instructions.

23

Selling price of property sold by related party

23

24 24

Enter contract price from line 18 for year of first sale

25 25

Enter the smaller of line 30 or line 31

26 26

Total payments received by the end of your 1999 tax year. See instructions

27

Subtract line 33 from line 32. If zero or less, enter -0-

28

Multiply line 34 by the gross profit percentage on line 19 for year of first sale

29

Part of line 35 that is ordinary income under recapture rules. See instructions

30

Subtract line 36 from line 35. Enter here and on Schedule D or Form 4797. See instructions

30

For Paperwork Reduction Act Notice, see back of form. Form 6252 (1999)

Part II

Part I

Part III

Yes No

Cat. No. 13601R

b

a

b

c

d

e

31

32

33

34

35

36

37

31

32

33

34

35

36

37

/ /

1999
Form 6252 (1999) Page 2

The time needed to complete and

file this form will vary depending on

individual circumstances. The

estimated average time is:

Recordkeeping 1 hr., 25 min.

Learning about the law

or the form 40 min.

Preparing the form 56 min.

If you have comments concerning

the accuracy of these time

estimates or suggestions for making

this form simpler, we would be

happy to hear from you. See the

instructions for the tax return with

which this form is filed.

Paperwork Reduction Act Notice.

We ask for the information on this

form to carry out the Internal

Revenue laws of the United States.

You are required to give us the

information. We need it to ensure

that you are complying with these

laws and to allow us to figure and

collect the right amount of tax.

You are not required to provide

the information requested on a form

that is subject to the Paperwork

Reduction Act unless the form

displays a valid OMB control

number. Books or records relating to

a form or its instructions must be

retained as long as their contents

may become material in the

administration of any Internal

Revenue law. Generally, tax returns

and return information are

confidential, as required by Internal

Revenue Code section 6103.

Copy, assembling, and

sending the form

to the IRS 20 min.