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Do I report the sale of my home under both "Less Common Income, Installment Sale" and "Interest and Dividends, Interest From Seller Financed Loans" or just once?
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June 5, 2019
10:45 PM
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Get your taxes done using TurboTax
Just one entry. Enter your installment sale, include the interest in the "Less Common Income > Installment Sale" section.
TurboTax Deluxe desktop will carry the interest to the Schedule B and the capital gain to Schedule D.
You can view this in forms mode if you choose. Use the image attached or assistance.
June 5, 2019
10:45 PM