Taxlady2021
Level 2
03-25-2021
09:44 AM
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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
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sjrcpa
Level 15
03-25-2021
09:46 AM
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Yes
The more I know the more I don’t know.
Taxlady2021
Level 2
03-25-2021
09:51 AM
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Thank you. I forgot to ask about the assets that are not fully depreciated. How to I account for them.