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How to DISPOSE OF INSTALLMENT SALE INCOME-How does LLC A transfer interest in a subject property that was sold on Installment Sale to LLC B and reported on Form 6252?

taxq7474
Level 1
 
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BobKamman
Level 14

So its only interest left in the property is a mortgage or note?  When it sells the note, it's just like collecting the balance of it.  

taxq7474
Level 1

Yes, the only interest left in the property is the mortgage (principal and interest).

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