We sold a home overseas. We only got a down payment in 2016 of $25,000, and carried the loan into 2017. How do we report that?

[IreneS · Accepted solution]

You can report the transaction as an installment sale.  Enter the information in TurboTax using these steps:

1.  Click on Federal Taxes > Wages & Income  [If you're in TT Self-Employed:  Personal > Personal Income > I'll choose what I work on]
2. Scroll down to the Less Common Income section and click on the Start/Revisit box next to Installment Sales.  
3. On the Installment Sales screen click on the Yes box.  
4. Continue through the interview, entering the requested information.

[Edited | 4/10/2020 |  1:03pm PDT]