topic Re: Second home sale 2023, personal use, seller financed. I entered F1099-S & completed the Installment Sales questions (F6252). TT seems to be calculating a capital gain as if I were paid all at once. in Deductions & credits

Second home sale 2023, personal use, seller financed. I entered F1099-S & completed the Installment Sales questions (F6252). TT seems to be calculating a capital gain as if I were paid all at once.

lesliesalt — Wed, 11 Feb 2026 10:25:16 GMT

Re: Second home sale 2023, personal use, seller financed. I entered F1099-S & completed the Installment Sales questions (F6252). TT seems to be calculating a capital gain as if I were paid all at once.

Anonymous_ — Sat, 28 Sep 2024 23:37:25 GMT

You should be entering the amount of principal and interest you received.

Re: Second home sale 2023, personal use, seller financed. I entered F1099-S & completed the Installment Sales questions (F6252). TT seems to be calculating a capital gain as if I were paid all at once.

lesliesalt — Sun, 29 Sep 2024 00:31:23 GMT

I had entered those correctly. Just checked. And I had checked the box about the buyer using house as their main residence.

When I entered the information from F1099-S, should I have entered the full sales proceeds, or just the amount I had received from the buyer at closing, the 20% down payment?