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nmccullen
New Member

What do I do if an income amount shows both in Investments and Sale of Business Property?

I sold rental property in 2023, the dollar amount that appears 2x as income is equal to the installment payments the purchaser made on the balance due in 2024.
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1 Reply
DianeW777
Expert Alumni

What do I do if an income amount shows both in Investments and Sale of Business Property?

It depends.  If I understand your question, you have the same amount included in income twice. Double the amount you received for the installment payments in 2024, is included on your tax return. If this is the case, first, in Step-by-Step, see if you can remove the Investment. Otherwise, you may need to go to Forms to remove the entry in one place or the other. 

 

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