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    #1

    1099-s

    Seller sells rental property on installment sale contract. Closing company sent seller 1099-s for entire amount of sale, yet only one payment is made per year. It is correct for title company to put entire amount on 1099--correct?(in year of sale)
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    #2
    Yes, that is correct, and it does not prevent the seller from reporting the gain on the installment method.
    Roland Slugg
    "I do what I can."

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      #3
      Installment sale

      Yes on 1099S. See form 6252 for sale & of course interest on B

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