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Section 15. Partnership Return of Income›3.24.15 Partnership Return of Income

Section 29 Form 6252 (Program 12200)

Internal Revenue Manual Part 3. Submission Processing · 2026-10-03 edition · updated 2026-10-04 · United States

Elem. No.

FORM 6252 Section 29 Data Element Name

Prompt

Fld. Term.

Instructions

(1)

Section Number

SECT:

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Press if already present on screen otherwise, enter "29" .

(2)

Description of Property

L1

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Enter the numeric digit from Line 1. Valid entries are:

"1" for Timeshares or residential lots

"2" for Sale by an individual of personal use property (within the meaning of section 1275(b)(3)),

"3" for Sale of any property used or produced in the trade or business of farming (within the meaning of section 2032A(e)(4) or (5)),

"4" for Other or if there is no entry on the description of property line.

(3)

Date Acquired

L2A

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Enter the date from line 2a, in MMDDYY format.

(4)

Date Sold

L2B

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Enter the date from line 2b, in MMDDYY format.

(5)

Subtract line 6 from line 5

PTI 7

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Enter the amount from Part I line 7.

(6)

Gross Profit Percentage

PTII 19

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Enter the percent from Part II line 19.

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