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March 11, 2025
Question

Sold my share of hunting club for total of $85,000 with 10 annual payments. Received 1st $8,500 in 2024. Original basis was $9,600 in 1980. Where do I enter this?

  • March 11, 2025
  • 1 reply
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Have not received tax reporting records from the hunting club.

    1 reply

    March 11, 2025

    This is an installment sale.

     

    Please follow the instructions in this TurboTax Help article to enter this installment sale.

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