Question
Report 2023 gains from Installment sale of rental property in 2022
Our LLC sold our last rental property in 2022 as an installment sale. In 2022, we collected a few months payments and paid taxes on the interest we received and the part of the gain that we realized that year. How do I report the interest and gain that we should be taxed on this year? Since we no longer own the property, I didn't see any way to report this information. Our LLC is listed as a rental LLC. Thanks in advance for any help!
JillF
