Tax implication for proceeds from selling an inherited foreign property in multiple installments over N years
Hello Tax Experts,
I have read how to report in Turbotax the sale of an inherited foreign property in this thread:
This is clear when the sale price is paid in full at once, and we report it in just one tax year.
What should we do if the sale contract says that the sale price will be paid in N installments (one per year, in N years) ?
Thank you in advance!