Where can i report gains from a corporate buyout due to retirement and paid to me as multiple installments?

[dandbq]

I was in a medical physician business partnership set up as a corporation. Upon my retirement the remaining partners are buying-out  the value of my interest in this business. I will be paid over the next five years in installments starting may 2023 monthly with a first installment of 20% . The total  received will be valued as greater than the capital contributions I have previously invested through my participation in this business. So I will need to report the net gain somewhere. how and where in Turbotax can I do this?

[KellyA-confused consumer]

@dandbq 

Hi I hope this helps:

Capital gains, losses, and 1099-B forms are all entered in the same place:

1. Open or continue your return in TurboTax.
2. Search for investment sales and then select the Jump to link in the search results.
3. Answer Yes to the question Did you have investment income in 2023?
   • If you land on the Your investments and savings screen, select Add investments.
4. Follow the instructions and we'll calculate the gain or loss from the sale.

Your total capital gains for the year minus your total capital losses result in a net gain or a net loss.

You can deduct a net loss of up to $3,000 ($1,500 if married filing separately). Any capital loss you couldn't deduct this year can be carried forward and deducted on future tax returns as a capital loss carryover.