SOLVED•by TurboTax•197•Updated 1 month ago
An installment sale is a sale of property where you receive at least one payment after the tax year of the sale. Here’s how to report one in TurboTax:
- Open your return in TurboTax.
- In the search box, search for installment sales and select the Jump to link.
- Check the box next to Sales of real estate, cars, or anything else for which you receive payments over two or more tax years (installment sales). Select Continue.
- Answer Yes to Do you want to report an installment sale?
- Follow the instructions to enter your sale details.
Was this helpful?
You must sign in to vote, reply, or post
