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Use the following steps to enter the details of your sale as an installment sale:
Thank you for the direction. I suspected that this was the correct way. Point of clarification: I loaned this company 90 grand on a 25 month note. So what I need to show is the down payment amount plus the interest that was paid to me during the 2019 calendar year. That still fits this scenerio? I obviously don’t want to be taxed on the money that I loaned simply being paid back. Just the money considered profit aka interest and down pmt.
It sounds like you do not have an installment sale, just a loan.
If that is the case, just report the interest.
Normally on a loan, there is no down payment. If the 'down payment' is points, or some kind of advanced interest, you just report it as interest.
Payments of principal are not reportable.
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