RobertG
Expert Alumni

Get your taxes done using TurboTax

It sounds like you do not have an installment sale, just a loan.

 

If that is the case, just report the interest.

 

Normally on a loan, there is no down payment.  If the 'down payment' is points, or some kind of advanced interest, you just report it as interest.

 

Payments of principal are not reportable.

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