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Level 1

Question

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Forum|Forum|4 years ago
March 1, 2022
1 reply
8 views

I sold a home in 2021 but the payments started in 2022. Do I report it sold in 2021 or can I wait and report selling it in 2022?

Level 15

You report the sale on the 2021 tax return. If this was a seller financed sale then you will report the seller interest income on the 2022 tax return.