The Tax Tracking tab is a complete worksheet for the tax life of a note — from the day you acquire it to the day you dispose of it.
Acquisition → disposition
Record the acquisition (date, method, basis inputs, depreciation) and, when you sell or close out, the disposition (sale date, type, price, expenses, down payment, debt assumed). NoteHarbor keeps both ends of the story on one loan.
Automatic Form 6252 figures
From those inputs NoteHarbor computes Form 6252 installment-sale figures automatically:
- adjusted basis, gross profit, gross-profit %, and contract price
- excess mortgage over basis for wrap deals (a year-of-sale payment)
- depreciation recapture and holding period
- gain recognized per tax year as principal is actually collected
One-click CPA export
When it's time to hand things to your accountant, the CPA export bundles the closing statement, note, deed, and mortgage into a ZIP with a generated summary cover sheet that includes the worked installment-sale numbers — one click, ready to send.
These figures inform your CPA's return; they don't replace professional tax advice.