Sale of a business April 203 we no longer have an s corp we are receiving monthly payments with interest where do I add this to may form. I have premier turbotax

[chloeparker2]

We are no longer a corp.  

[DianeW · Accepted solution]

It depends on whether the installment sale was reported in full in the year of the sale.  The answer here assumes the installment sale business was sold at a gain and is being reported as the money is being collected.  

1. Sign into your TurboTax Account
2. Search for installment payments received > Jump to installment payments received
3. Continue to enter your sale information including:
   

• Date acquired
• Cost
• Depreciation or amortization used
• Date of sale
• Sales price
• Principal payments in 2017 (do not include interest)
• Interest received 2017

This will handle both entries, do not enter interest income again in the 1099-INT section.