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View Full Version : How do I report income received from a review period extension payment?


bwayco
Apr 2, 2010, 12:33 PM
I had a purchase agreement on my home and the buyer paid me $2500 for an extension. How do I report this amount on my taxes?

MukatA
Apr 3, 2010, 04:18 AM
It may be added to your sale price while reporting the sale on schedule D (Form 1040). Not sure.