how is the installment sale of an entire business reported o

how is the installment sale of an entire business reported on the tax return?

A one form 6252 reports the entire disposition

b seperate forms 6252 are completed for each asset

c one form 6252 to complete for the tangeable assets and another to completed for intangable assets

d seperate forms 6252 are completed for each class and type

Solution

Form 6252 is use to report Installment sale. under this form real property or personal property can be reported. intangible property cannot be reported by form 6252. using form 6252, seperate forms 6252 are completed for each class and type.

Option (D) is correct answer.