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Level 2
June 1, 2019
Solved

I inherited undeveloped property in 2014. In 2018 I began sale of the property, but the sale does not finalize until 2022. When do I file sched D 2018 or 2022?

  • June 1, 2019
  • 3 replies
  • 14 views
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Best answer by

You will report this Installment Sale on your 2018 return. To report an installment sale, begin by typing "installment sales" into the search box and click the "Jump to" link in the search results.  Follow the program prompts to complete your entry.

3 replies

June 1, 2019
Was the property sold under a Contract for Deed or Installment Sale?
hicks-taxAuthor
Level 2
June 1, 2019
Thank you for your response. I believe it would be installment sale as it includes interest over 43 months. 9/18 thru 4/22.
Answer
June 1, 2019

You will report this Installment Sale on your 2018 return. To report an installment sale, begin by typing "installment sales" into the search box and click the "Jump to" link in the search results.  Follow the program prompts to complete your entry.