Balloon payment of installment sale.

jhawktn · ‎November 16, 2022

Is the balloon payment considered capital gains

DavidT0202 · ‎November 16, 2022

if this has been reported it as an Installment Sale, You will pay taxes on gain based on when you receive the payments for the 'principal' (in your case a balloon payment). This is taxed at the capital gains rate.

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DavidT0202 · ‎November 16, 2022

Hi @jhawktn

if this has been reported it as an Installment Sale, You will pay taxes on gain based on when you receive the payments for the 'principal' (in your case a balloon payment). This is taxed at the capital gains rate.

Thank you for Choosing TurboTax!

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

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Balloon payment of installment sale.