Yes. There were actually two properties sold on two different installments, with gain. Those 2 installments have been combined with a new installment sale into one loan.
Yes, for the old loans, but they have been added to the new loan. Are you leading me to leaving the two alone and just adding the third part on it's own 6252?
If old loan 1 was 30K and old loan 2 was $50K and new loan is 80K the principal did not change. If so, I'd leave the 2 installment sales. Each year prorate the payments rec'd between each sale.Did both sales have the same Gross Profit %?
