Hi Carl! Thanks for your response. I repossesed the house thrugh a foreclosure that went through court proceedings in 2016 and sold the house in 2016. I originally sold the house in 2012 to the tenant at the time through an installment sale; the county records show him as owner from that time intil I foreclosed. After the first year he made sporadic payments that did not cover the interest due on the installment loan so I only showed interest payments only (no principal) in my tax returns from 2013 -2015. I used the proceeds from the sale to purchase another rental house within 2 weeks.
If you can point me the forms I need to fill out I would like to take a stab at it first so I know all the info the professional will be asking me for. Thanks again!
