In Aug. 2021 we did a land contract installment sale of a property that was rental until that closing. We have reported rental income and expenses through the years. At August closing of installment sale, the buyer reimbursed us prorated positions for taxes (paid & claimed in 2020) and insurance (paid in 2021) that were previously paid by us. Where/how do we report those reimbursement amounts that were associated with the closing on the installment (land contract) sale?
