topic How do I report an installment sale in TurboTax? in Tax topics https://ttlc.intuit.com/community/tax-topics/help/how-do-i-report-an-installment-sale-in-turbotax/01/1662453#M7281 <P>An installment sale is a sale of property where you receive at least one payment after the tax year of the sale. You can read more about it <A href="https://ttlc.intuit.com/community/tax-topics/help/what-is-an-installment-sale/00/1662483" target="_blank">here</A>. Here’s how to report one in TurboTax:</P> <OL> <LI>Open your return in TurboTax.</LI> <LI>In the search box, search for <EM>installment sales</EM> and select <EM>Jump to installment sales</EM>.</LI> <LI>Check the box next to <EM>Sales of real estate, cars, or anything else for which you receive payments over two or more tax years (installment sales)</EM>. Select <STRONG>Continue</STRONG>.</LI> <LI>Answer <STRONG>Yes</STRONG> to <EM>Do you want to report an installment sale?</EM></LI> <LI>Follow the instructions to enter your sale details.</LI> </OL> <DIV class="ISH_suggestedInformation"> <H2>Related Information:</H2> <UL> <LI> <A href="https://ttlc.intuit.com/community/accessing/help/how-do-i-edit-or-delete-sale-of-business-property-form-4797/00/26789" target="_blank">How do I edit or delete sale of business property (Form 4797)?</A> </LI> <LI> <A href="https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-investment-sales/00/26619" target="_blank">Where do I enter investment sales?</A> </LI> <LI> <A href="https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-income-from-a-timber-sale/00/26620" target="_blank">Where do I enter income from a timber sale?</A> </LI> <LI> <A href="https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-the-sale-of-a-second-home-an-inherited-home-or-land/00/26433" target="_blank">Where do I enter the sale of a second home, an inherited home, or land on my 2020 taxes?</A> </LI> <LI> <A href="https://ttlc.intuit.com/community/home-ownership/help/is-the-money-i-made-from-a-home-sale-taxable/00/25690" target="_blank">Is the money I made from a home sale taxable?</A> </LI> </UL> </DIV> Wed, 17 Mar 2021 07:51:17 GMT TurboTax Help 2021-03-17T07:51:17Z How do I report an installment sale in TurboTax? https://ttlc.intuit.com/community/tax-topics/help/how-do-i-report-an-installment-sale-in-turbotax/01/1662453#M7281 An installment sale is a sale of property where you receive at least one payment after the tax year of the sale. You can read more about it here. Here’s how to report one in TurboTax: Open your return in TurboTax. In the search box, search for installment sales and select Jump to installment sales. Check the box next to Sales of real estate, cars, or anything else for which you receive payments over two or more tax years (installment sales). Select Continue. Answer Yes to Do you want to report an installment sale? Follow the instructions to enter your sale details. Related Information: How do I edit or delete sale of business property (Form 4797)? Where do I enter investment sales? Where do I enter income from a timber sale? Where do I enter the sale of a second home, an inherited home, or land on my 2020 taxes? Is the money I made from a home sale taxable? Wed, 17 Mar 2021 07:51:17 GMT https://ttlc.intuit.com/community/tax-topics/help/how-do-i-report-an-installment-sale-in-turbotax/01/1662453#M7281 TurboTax Help 2021-03-17T07:51:17Z
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topic How do I report an installment sale in TurboTax? in Tax topics
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<P>An installment sale is a sale of property where you receive at least one payment after the tax year of the sale. You can read more about it <A href="https://ttlc.intuit.com/community/tax-topics/help/what-is-an-installment-sale/00/1662483" target="_blank">here</A>. Here’s how to report one in TurboTax:</P> <OL> <LI>Open your return in TurboTax.</LI> <LI>In the search box, search for <EM>installment sales</EM> and select <EM>Jump to installment sales</EM>.</LI> <LI>Check the box next to <EM>Sales of real estate, cars, or anything else for which you receive payments over two or more tax years (installment sales)</EM>. Select <STRONG>Continue</STRONG>.</LI> <LI>Answer <STRONG>Yes</STRONG> to <EM>Do you want to report an installment sale?</EM></LI> <LI>Follow the instructions to enter your sale details.</LI> </OL> <DIV class="ISH_suggestedInformation"> <H2>Related Information:</H2> <UL> <LI> <A href="https://ttlc.intuit.com/community/accessing/help/how-do-i-edit-or-delete-sale-of-business-property-form-4797/00/26789" target="_blank">How do I edit or delete sale of business property (Form 4797)?</A> </LI> <LI> <A href="https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-investment-sales/00/26619" target="_blank">Where do I enter investment sales?</A> </LI> <LI> <A href="https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-income-from-a-timber-sale/00/26620" target="_blank">Where do I enter income from a timber sale?</A> </LI> <LI> <A href="https://ttlc.intuit.com/community/entering-importing/help/where-do-i-enter-the-sale-of-a-second-home-an-inherited-home-or-land/00/26433" target="_blank">Where do I enter the sale of a second home, an inherited home, or land on my 2020 taxes?</A> </LI> <LI> <A href="https://ttlc.intuit.com/community/home-ownership/help/is-the-money-i-made-from-a-home-sale-taxable/00/25690" target="_blank">Is the money I made from a home sale taxable?</A> </LI> </UL> </DIV>
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https://ttlc.intuit.com/community/tax-topics/help/how-do-i-report-an-installment-sale-in-turbotax/01/1662453#M7281
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An installment sale is a sale of property where you receive at least one payment after the tax year of the sale. You can read more about it here. Here’s how to report one in TurboTax: Open your return in TurboTax. In the search box, search for installment sales and select Jump to installment sales. Check the box next to Sales of real estate, cars, or anything else for which you receive payments over two or more tax years (installment sales). Select Continue. Answer Yes to Do you want to report an installment sale? Follow the instructions to enter your sale details. Related Information: How do I edit or delete sale of business property (Form 4797)? Where do I enter investment sales? Where do I enter income from a timber sale? Where do I enter the sale of a second home, an inherited home, or land on my 2020 taxes? Is the money I made from a home sale taxable?
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