WOW!!!Outstanding!!!Thank You!!!Where do I mark "Recommended"?

YES...It was reported as an Installment Sale, and reported yearly on Form 6252....& I understand the possible need of a Tax Professional for this year.

Confusion seems to be the Understatement here.I can see that our Purchase of the house in 1984, & the Sale to our Original Buyer in 2012, have gotten mixed up.W...

Sorry for the confusion, Carl.We operated the house as a Rental for over 30 Years, prior to the sale.It had Depreciated to ZERO.The Original Buyer paid $3,500 D...

Carl, the Buyer paid $3,500 down on a $23,500 house.Loan = $20,000.Balance when recovered was $14, 615.We spent $15,000 Remodeling, and then sold in December fo...