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New Member
posted Feb 8, 2023 7:17:35 PM

I received my final balloon payment on a seller financed loan. Where do I state the finalized sale of the property? It was a rental prior to the real estate contract.

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1 Replies
Expert Alumni
Feb 9, 2023 6:28:44 AM

Please clarify. 

  • Was this an installment sale (taken over more than one year) and you provided the mortgage/loan?
  • What year did you sell and did you report the rental sale on your income tax return?