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Level 1
Mar 1, 2022 7:31 PM UTC
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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?

    1 reply

    DoninGA
    Level 15
    Level 15
    Mar 1, 2022 7:35 PM UTC

    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.