I'm entering the sale of my home information and seem to be stuck in a loop within the software...probably not answering a question correctly.
Debt Assumed by buyer = 0
Installment Sale Selling Price = Yes (since the sale happened and closed within the same tax year)
Principal and Interest Received - Payments Received in 2025 = 0
Received MTG Payment = No (no s seller financed mtg)
Depreciation on installment sale property = 0 (not claim any depreciation on the property)
Related Party Sale = No
Now the software loops me back to first Question above.
When I switch to form view - since line 14 is less than zero it states don't complete the rest of the form
Sale Price = 425
Cost Basis = 409
Comm and Exp = 30
Can anyone explain to me what I'm doing wrong?
Thanks
