automan77
New Member

I sold my commercial property on land contract. What tax form do I need to give my buyer or do I need to give him one?

 

Deductions & credits

If you are holding the mortgage the only thing the buyer needs is a copy of the amortization schedule you agreed on and you both will need each other's Name, address & tax ID# for the reporting of the interest paid on your tax returns since you need to cross reference each other.