Get your taxes done using TurboTax

I have to suggest that you consult with a tax professional in your area.

 

See https://www.naea.org/

 

Your transaction could qualify (and you would be required to report as such unless you elect out) for installment sale treatment provided the sale was at a gain and did not involve the sale of inventory and there was no depreciation recapture (the latter must be reported in the year of the sale).

 

See https://www.irs.gov/taxtopics/tc705