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Get your taxes done using TurboTax
Yes, enter the installment sale under Sale of Business Property. The information you enter for the sale will report the interest on the loan on Schedule B under the name of the Payer. You don't need to report this interest again from Form 1099-INT, as long as the amount is the same and you confirm this interest was from the installment sale.
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March 9, 2022
8:06 AM