Solved: Is the down payment I received for the sale of my primary residence taxable? If so, where do I report it?
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fandlgreen
New Member

Is the down payment I received for the sale of my primary residence taxable? If so, where do I report it?

 
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MaryK1
Level 9

Is the down payment I received for the sale of my primary residence taxable? If so, where do I report it?

The down payment that you received should be included in the calculation for the total sale price, so if you qualified for the exclusion you would not have to report it on the tax return.

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MaryK1
Level 9

Is the down payment I received for the sale of my primary residence taxable? If so, where do I report it?

The down payment that you received should be included in the calculation for the total sale price, so if you qualified for the exclusion you would not have to report it on the tax return.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

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