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Vermont online Form 6252: What You Should Know
B) the payment due; and, c) the adjusted cost base adjusted by any tax loss limitations. The amount reported must equal the sum of any tax losses and the notes that are due. You must report these payments on Form 6252 as long as the cost plus cash was at least the price of the property. The payment due is the total for the sale. The adjusted cost base is the total for depreciation of the property. The amount should be the amount you paid and the amount will be reported on your tax return as long as you have a taxable sale.
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