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Get your taxes done using TurboTax
you should be using form 6252 to report the installment sale unless you want to opt-out. there is a line in the 6252 interview or forms mode to enter the interest income received in 2023. the interest is investment interest so if you don't use the 6252 the interest goes on line 5 of schedule K. Not line 7 of page 1
March 9, 2024
9:28 AM