Under Installment Sales Summary I have properties I sold and enter the principal and interest each year, I owned them for more than 5 years. I didn't receive a payoff on the mortgage when I refinanced this for the borrower, and the new mortgage is in a new name (the borrower's son). How should I record this so I don't trigger a principal payoff or a sale of property owned less than a year? The mortgage balance is higher because past-due real estate taxes were added to the principal balance. Help!
