Form 6252 Installment Sale Income 2011

• Name(s) shown on return field contains Mark Moore
• Identifying number field contains 222-00-3333
• 1. Description of property field contains Undeveloped land
• 2a. Date acquired (mm/dd/yyyy) field contains 02/17/2000
• 2b. Date sold (mm/dd/yyyy) field contains 11/01/2011
• 3. Was the property sold to a related party (see instructions) after May 14, 1980? If No, skip line 4 field contains YES
• 4. 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 field contains NO
• Under Part I: Gross Profit and Contract Price. Complete this part for the year of sale only.:
• • 5. Selling price including mortgages and other debts. Do not include interest, whether stated or unstated field contains 14,700
  • 6. Mortgages, debts, and other liabilities the buyer assumed or took the property subject to (see instructions) field contains 6,500
  • 7. Subtract line 6 from line 5 field contains 8,200
  • 8. Cost or other basis of property sold field contains 2,650
  • 9. Depreciation allowed or allowable field contains 0
  • 10. Adjusted basis. Subtract line 9 from line 8 field contains 2,650
  • 11. Commissions and other expenses of sale field contains 150
  • 12. Income recapture from Form 4797, Part III (see instructions) field contains 0
  • 13. Add lines 10, 11, and 12 field contains 2,800
  • 14. Subtract line 13 from line 5. If zero or less, do not complete the rest of this form (see instructions) field contains 11,900
  • 15. If the property described on line 1 above was your main home, enter the amount of your excluded gain (see instructions). Otherwise, enter 0 field contains 0
  • 16. Gross profit. Subtract line 15 from line 14 field contains 11,900
  • 17. Subtract line 13 from line 6. If zero or less, enter 0 field contains 3,700
  • 18. Contract price. Add line 7 and line 17 field contains 11,900
• Under Part II: 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.:
• • 19. Gross profit percentage (expressed as a decimal amount). Divide line 16 by line 18. For years after the year of sale, see instructions field contains 100%
  • 20. If this is the year of sale, enter the amount from line 17. Otherwise, enter 0 field contains 3,700
  • 21. Payments received during the year (see instructions). Do not include interest, whether stated or unstated field contains 1,200
  • 22. Add lines 20 and 21 field contains 4,900
  • 24. Installment sale income. Multiply line 22 by line 19 field contains 4,900
  • 25. Enter the part of line 24 that is ordinary income under the recapture rules (see instructions) field contains 0
  • 26. Subtract line 25 from line 24. Enter here and on Schedule D or Form 4797 (see instructions) field contains 4,900
• Under Part III: Related Party Installment Sale Income. Do not complete if you received the final payment this tax year.:
• • 27. Name, address, and taxpayer identifying number of related party field contains Acme Design W. Main Street Small Town, NY 12899 10–7654321
  • 28. Did the related party resell or dispose of the property (second disposition) during this tax year? field contains NO

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