@eremartin1 wrote:
That I know and have already done. I am talking about the money that came in via the payments and are the principal on the loan, Not the intrest.
When the home was sold you should have reported it as an installment sale on Form 6252
IRS Tax Topic on installment sales - https://www.irs.gov/taxtopics/tc705
IRS Publication 537, Installment Sales - https://www.irs.gov/pub/irs-pdf/p537.pdf
To report an installment sale -
Click on Federal Taxes (Personal using Home & Business)
Click on Wages & Income (Personal Income using Home & Business)
Click on I'll choose what I work on
Scroll down to Less Common Income
On Installment Sales. click on the start button
