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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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April 5, 2020
11:31 AM