To record an Installment sale in TurboTax Click on "Search" and type "Installment Sales" in the window and hit EnterClick on "Jump to Installment Sales"On the page "Any Other Property Sales" check the box for: "Sales of real estate, cars, or anything else for which you receive payments over two or more tax years (installment sales)" and click ContinueOn the Installment Sales page answer yes to "Do you want to report an installment sale?"Continue through the interview and record the details of your Installment Sale

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dcedergreen

Level 1

Question

I sold land that is not my home in an owner carry. The land was sold for 70,000 over the next few years, where do I enter the yearly payment amount?

Forum|Forum|7 years ago
June 1, 2019
1 reply
6 views

No text available

TurboTax Home & Biz Windows

MichaelL1

Level 15

To record an Installment sale in TurboTax

Click on "Search" and type "Installment Sales" in the window and hit Enter
Click on "Jump to Installment Sales"
On the page "Any Other Property Sales" check the box for: "Sales of real estate, cars, or anything else for which you receive payments over two or more tax years (installment sales)" and click Continue
On the Installment Sales page answer yes to "Do you want to report an installment sale?"
Continue through the interview and record the details of your Installment Sale