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February 9, 2023
Question

I received my final balloon payment on a seller financed loan. Where do I state the finalized sale of the property? It was a rental prior to the real estate contract.

  • February 9, 2023
  • 1 reply
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1 reply

February 9, 2023

Please clarify. 

  • Was this an installment sale (taken over more than one year) and you provided the mortgage/loan?
  • What year did you sell and did you report the rental sale on your income tax return?

 

 

 

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