Foxy-Lady
Level 3
04-19-2021
11:31 AM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
That is exactly what he did. He sold it to a family member. Received $550 per month for Nov & Dec, it included escrow and principal. There is no interest so I know it should be considered implied. I am totally lost on how I show it. The original price was $36,331. Depreciation to recapture would be $25,613.
From what I understand cannot use installment. Please help.