Yes, report it in TurboTax as an Installment Sale:
To record an Installment sale in TurboTax Online:
- Click on "Search" and type "Installment Sales" in the window and hit Enter
- Click on "Jump to Installment Sales"
- On the page "Any Other Property Sales" check the box for: "Sales of real estate, cars, or anything else for which you receive payments over two or more tax years (installment sales)" and click Continue
- If you are using Deluxe you will be prompted to upgrade to Premier
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On the Installment Sales page answer yes to "Do you want to report an installment sale?"
- Continue through the interview and record the details of your Installment Sale