I was the sole owner of a Sub s corp business which I sold in 2018. I sold this as on a 10 year installment and received first payment in 2019. How can this be entered on TT as an installment sale? It isn't a QSBS and it isn't traded. I owned all the stock and my buyer now owns all the stock. Thanks, MG48
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To record an Installment sale in TurboTax Online:
Thank you. I did that, however then I was required to complete the capital gains worksheet when the review was done. This recorded the basis, sales price, etc. in total. That showed a capital gain for the entire sales price of the business stock. How can I enter it so that it reflects the installment vs the total sale? This will be repeating for 10 years.
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