If the sell of your primary residence is owner financed ,but is paid in full during the same tax year it was sold, is it considered an installment sale?

jimwilson169 · ‎June 5, 2019

The sales contract included a 15 year amortization schedule but was paid in full during the same tax year as the sale.

RichardK · ‎June 5, 2019

No, if the residence or any asset is paid off in the year sold it is not an installment sale. Click here for a Turbotax article on general information about installment sales.

View solution in original post

RichardK · ‎June 5, 2019

No, if the residence or any asset is paid off in the year sold it is not an installment sale. Click here for a Turbotax article on general information about installment sales.

Expert does your taxes

Do it yourself

Resources

Support

If the sell of your primary residence is owner financed ,but is paid in full during the same tax year it was sold, is it considered an installment sale?

If the sell of your primary residence is owner financed ,but is paid in full during the same tax year it was sold, is it considered an installment sale?

If the sell of your primary residence is owner financed ,but is paid in full during the same tax year it was sold, is it considered an installment sale?

Unlock tailored help options in your account.

Get more help

Do you have a TurboTax Online account?

If the sell of your primary residence is owner financed ,but is paid in full during the same tax year it was sold, is it considered an installment sale?

Do you have an Intuit account?

If the sell of your primary residence is owner financed ,but is paid in full during the same tax year it was sold, is it considered an installment sale?

If the sell of your primary residence is owner financed ,but is paid in full during the same tax year it was sold, is it considered an installment sale?

Unlock tailored help options in your account.

Get more help

Related Content