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How do I report my gains from a loan payback?
I had a motel Located in Az. about 10 years ago that I sold. the sale included a loan with monthly payments and a balloon at the end. The loan was paid off in 2016. There was a final payment of 350K made to me. How do I report the 350k? Can't seem to find the right area to report the payment. Capital gains?
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‎June 6, 2019
4:49 AM