Tax, SDIRAs & Cost Segregation
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal


Real Estate Classifieds
Reviews & Feedback
Updated about 9 years ago on . Most recent reply
Form 6252
I bought a property subject to an existing contract for deed to another buyer that was already in place from 3 years prior. That buyer rents the property and has been making timely installment payments on the contract to me ever since I bought the property/contract combo. When filling out form 6252 I understand everything except for where it asks date acquired and date sold. I know the date acquired should be the date I acquired the property, but should the date sold be the original date the the installment agreement was made with the buyer by the former owner? Will this raise a red flag that it is before the date acquired? Everything I read assumes that the property never ever changes hands after the installment agreement is made. Any clarity would be much appreciated. Thank you!!!