Marie Posted March 2, 2015 Report Share 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 Link to comment Share on other sites More sharing options...
jklcpa Posted March 2, 2015 Report Share 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 Link to comment Share on other sites More sharing options...
Marie Posted March 2, 2015 Author Report Share Posted March 2, 2015 ok, thanks Quote Link to comment Share on other sites More sharing options...
TAXMAN Posted March 3, 2015 Report Share 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 Link to comment Share on other sites More sharing options...
kcjenkins Posted March 3, 2015 Report Share Posted March 3, 2015 Think of it like MFS, you 'elect' it by doing it. Quote Link to comment Share on other sites More sharing options...
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