The home is in Pennsylvania and I reside in New York. I sold the home to a Buyer and financed the loan. I was paid $15k down payment for Nov 2025. Each month in 2026, I will receive a monthly check (principal and interest).How do I report the $15k and also the monthly check?
Do I complete Form 6252 (Installment Sale Income) for Federal? And pay Quarterly Taxes?
I will be using TurboTax Deluxe if this helps.
