SC tax related question?
i sold my house this year on a rent-to-own agreement. this is an agreement that stands for two years, being that he is paying my mortgage till he picks up the loan in two years.
ive moved into an apartment till the market gets better,
he gets a credit of the monthly payment to escrow, which i will give to him when he goes for the loan, is any of this counted as income, and if so, would this hurt my refund
please answer tax professionals only.