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Level 1

Where report capital gains from seller financed mortgage?

Portion of principle is long term capital gain.
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Level 15

Where report capital gains from seller financed mortgage?

form 6252 installment sale. hopefully, this is the year of sale. if not you need to see a tax pro. 

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Level 15

Where report capital gains from seller financed mortgage?

form 6252 installment sale. hopefully, this is the year of sale. if not you need to see a tax pro. 

View solution in original post

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Level 1

Where report capital gains from seller financed mortgage?

Thanks, you're right. Form 6252 Part II is for installment sale income for year of sale and all subsequent years. Now if I can just find out if the online service can handle this. I'm supposed to talk to one of their specialists tomorrow, but as usual, I'm cutting this close. I keep putting off doing something about my procrastination.

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