You'll need to sign in or create an account to connect with an expert.
Delete
If the installment sale was previously reported by the decedent, report the Interest Income you receive as if you had received a 1099-INT, under Interest & Dividends in the Wages & Income section.
Here's more discussion on reporting interest from an Inherited Installment Sale.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
bilyeu-abby3
New Member
MartyDC
Level 3
Busacctk47
New Member
Yoyoguy
Level 3
Yoyoguy
Level 3