Jerry C
Level 4
03-09-2021
10:55 AM
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Client sold rental property during the year and is holding the Mortgage with the Buyer.
When using the Installment method, The overall Value, Basis is a lost and normally you can't use the Installment method when there is no Profit. How do I present this on the return for 2020 and how do I record the principle payments going forward since there is no
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