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cjmaxxtt
New Member

Where report capital gains from seller financed mortgage?

Portion of principle is long term capital gain.
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Anonymous
Not applicable

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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2 Replies
Anonymous
Not applicable

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

cjmaxxtt
New Member

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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