You can report the transaction as an installment sale. Enter the information in TurboTax using these steps: Click on Federal Taxes > Wages & Income [If you're in TT Self-Employed: Personal > Personal Income > I'll choose what I work on] Scroll down to the Less Common Income section and click on the Start/Revisit box next to Installment Sales. On the Installment Sales screen click on the Yes box. Continue through the interview, entering the requested information. [Edited | 4/10/2020 | 1:03pm PDT]

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We sold a home overseas. We only got a down payment in 2016 of $25,000, and carried the loan into 2017. How do we report that?

Forum|Forum|7 years ago
June 5, 2019
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TurboTax Deluxe Online

Best answer by Irene2805

You can report the transaction as an installment sale. Enter the information in TurboTax using these steps:

Click on Federal Taxes > Wages & Income [If you're in TT Self-Employed: Personal > Personal Income > I'll choose what I work on]
Scroll down to the Less Common Income section and click on the Start/Revisit box next to Installment Sales.
On the Installment Sales screen click on the Yes box.
Continue through the interview, entering the requested information.

[Edited | 4/10/2020 | 1:03pm PDT]

I

Irene2805Answer

You can report the transaction as an installment sale. Enter the information in TurboTax using these steps:

Click on Federal Taxes > Wages & Income [If you're in TT Self-Employed: Personal > Personal Income > I'll choose what I work on]
Scroll down to the Less Common Income section and click on the Start/Revisit box next to Installment Sales.
On the Installment Sales screen click on the Yes box.
Continue through the interview, entering the requested information.