In 2021 I sold vacant property for $135K. Buyer paid $70K cash and $65 on REC. The cost basis is $140,790. The REC is for 3 years at 5% interest and will enable me to come close to breaking even in the long run. How do I enter this sale in Turbo Tax as the installment sale category doesn't allow for a loss? The investment sale category doesn't allow or provide opportunity for installment payments. Is there a specific form I just insert somehow?
