asgaardn
New Member

What if I did not report my land contract sale originally as an installment sale, but claimed the interest as income as seller-financed mortgage interest.

What if I did not report my land contract sale originally as an installment sale, but claimed the interest as income as seller-financed mortgage interest with the required information.  The buyer forfeited on the land contract and we took possession of the home back for 15 days and then sold the house via realtor.  How do I report this on my taxes?  What form do I use?