Capital Gains and Losses
Capital Gains Tax Questions? Ask a Tax Advisor for Answers ASAP
Hi from Just Answer. I'm PDtax. I'll assist.
You won't get a W-2 for this, since you sold your ownership interest. You might have gotten one for the three months you worked there, but it's also possible no W-2 is coming.
You should have gotten a 1099-int for the interest portion of the sale received by you in 2015. Not a big deal if they didn't, there is a small penalty they would have to pay if IRS ever came by asking about it. No problem for you.
You should have a calculation of the capital gain, and interest, for your payments, and you will report your taxes via 6252, installment sale, and interest on Schedule B, Form 1040.
I hope that covers things. If so, please accept my response and rate my assistance to close out your question. I'm PDtax.