Trying to report an installment sale of rental property. Why does Turbo tax double count as gain from property on 4797 and installment sale?

[IreneS · Accepted solution]

UPDATED FOR TAX YEAR 2019

Only report the sale as an installment sale [NOT in the Schedule E interview].  

You can report the proceeds from an installment sale by following these steps:

1.  Click on Federal > Wages & Income
2. Scroll down to the Less Common Income section and click on the Start/Revisit box next to Installment Sales. On the Installment Sales screen click on the Yes box.
3. Continue through the interview, entering the requested information.

[Edited | 4/2/2020 |  1:00pm PDT]

[Evangeline Roberts]

I lost my computer that I used last years so I don't have the information to upload from 2018. The sales was last year. Paid taxes for the first installment.  I need to just claim the second installment payment. How do I show this on 2019 tax return.

[Redan54]

Now my Installment Sales page has 2 different entries regarding the same property thats on an installment plan lol.

Clicking on one says "This installment sale was entered in the rental or royalty property topic of interview." 
Clicking on the other one says "This installment sale was entered in the sale of business property topic of interview."

So just making sure I read the above correctly, the proper way to do the "Any Other Property Sales?" page where it gives options of: 

1) "Sales of business or rental property that you haven't already reported."
5) "Sales of real estate, cars, or anything else for which you receive payments over 2 or more tax years."

is just selecting #5 and ignoring #1 then (since I'm reporting it in #5)?

edit: ok... weird, after "Any Other Property Sales" section under Business Items, the next section "Less Common Income" asks about if I have any Installment Sales again... O_o I guess I entered it in the wrong section hence theres double entries and the Installment Sales mentioned is in the actual section itself...coz it says I have $0 in Installment Sales