Does anyone know how to report an interest shortfall on contingent debt in ProConnect? First, I know the gain on the sale of the debt needs to be reported as ordinary gain on the 8949 with a Code of O so that the gain is treated as interest income. I do not know how to get that to report that way.  I believe this interest can be adjusted down by the interest shortfall on contingent debt but I am not 100% sure on that. Either way, I have no idea how to report this transaction in ProConnect.  It is currently showing as a long-term capital gain which I know is not correct.

Any help would be greatly appreciated.

Thanks!