I inherited undeveloped property in 2014. In 2018 I began sale of the property, but the sale does not finalize until 2022. When do I file sched D 2018 or 2022?

[JulieR]

Was the property sold under a Contract for Deed or Installment Sale?

[hicks-tax]

Thank you for your response. I believe it would be installment sale as it includes interest over 43 months. 9/18 thru 4/22.

[JulieR · Accepted solution]

You will report this Installment Sale on your 2018 return. To report an installment sale, begin by typing "installment sales" into the search box and click the "Jump to" link in the search results.  Follow the program prompts to complete your entry.