In TurboTax, how do I report a stock sale that resulted in 25% cash and a 30 month note with interest?

[jhread89]

I sold my stock in a private company in 2016 and received 25% of the sale in cash and the remainder in a 30 month note with interest.

[TomYoung · Accepted solution]

Use the "Installment Sales" interview down near the bottom of the "Wages & Income tab.

Enter the information required on the "Property Description" page and the "Sales Information" page.

Answer "Yes" on the "How Was This Item Used?" and select "No entry" on the "Select Business Activity" page.

"No" on "Passive Activities" page, $0 (I assume) on the "Debt Assumed by Buyer" page and then enter the principal and interest received in 2016 on the "Principal and Interest Received" page.

Leave the "Type of Business Property" boxes blank answer "No" on the "Depreciable Property" page.  You'll have to determine how the answer the "Related Party Sale?" page.

Tom Young