You'll need to sign in or create an account to connect with an expert.
Because the payments were made over a period that covered two tax years, you have an Installment Sale. Part your gain will be reported on your 2018 tax return, and part of it on 2019 tax return.
To record an Installment sale in TurboTax Online:
Because the payments were made over a period that covered two tax years, you have an Installment Sale. Part your gain will be reported on your 2018 tax return, and part of it on 2019 tax return.
To record an Installment sale in TurboTax Online:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
masciarellis
New Member
Happy24
Level 1
SandyOH
Level 3
Volaar
New Member
lhilldorfer
Returning Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.