Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

Installment Sales

Taxlady2021
Level 2

I have 5 siblings who sold their rental property and holding the mortgage.  I've accounted for everything at 20% over the years including depreciation.  Do I show 20% on the Installment Sale form as well?

Thank you

Labels (1)
0 Cheers
2 Replies 2
sjrcpa
Level 15

Yes


ex-AllStar
0 Cheers
Taxlady2021
Level 2

Thank you. I forgot to ask about the assets that are not fully depreciated. How to I account for them. 

0 Cheers