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UGAbeck
New Member

Seller financed loan - we had int. paid to us for 6 months and then they sold the property, where do I enter the sale? Int. is already entered.

I put 6 months of interest payments in the Interest from Seller Financed Loans section, not sure how to show the sale of the property that happened in June.  

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Seller financed loan - we had int. paid to us for 6 months and then they sold the property, where do I enter the sale? Int. is already entered.

If you did not own the property you do not have to report the sale. 

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3 Replies

Seller financed loan - we had int. paid to us for 6 months and then they sold the property, where do I enter the sale? Int. is already entered.

Who was the owner of the property when it was sold?  You or someone else?
UGAbeck
New Member

Seller financed loan - we had int. paid to us for 6 months and then they sold the property, where do I enter the sale? Int. is already entered.

Someone else - we used to own it, sold it to friends - they owned it but we financed their loan.

Seller financed loan - we had int. paid to us for 6 months and then they sold the property, where do I enter the sale? Int. is already entered.

If you did not own the property you do not have to report the sale. 

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