I sold a rental property during 2023 through a land contract which is classified as an installment sale. When filling out the general questionnaire about my rental property in the Business Rental Property area it asks if I sold the property during the year. The help for that area says not to answer yes if it is an installment sale.
When I get to the installment sale section in the "Less common income" area of Personal Income, after entering through all the sale details it asks if I reported the asset sale. When I answer "No" it tells me to enter the asset sale and then come back.
So either I have answered a question incorrectly along the way which led to the program saying I needed to report the sale or there is an inconsistancy in the program.
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You do need to go through the rental property. Follow these steps:
Perfect! Thanks!
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