The Tax Tracking tab is a full accountant worksheet for notes you've bought and sold.
What it computes
Enter the acquisition basis (purchase price, closing costs, improvements, depreciation) and the disposition (sale date, price, expenses, down payment, debt assumed). NoteHarbor computes Form 6252 figures:
- adjusted basis, gross profit, gross-profit %, contract price
- excess mortgage over basis (for wrap deals) as a year-of-sale payment
- depreciation recapture and holding period
- gain recognized per tax year as principal is actually collected on the note
CPA packet export
From the Documents tab, Export CPA Packet bundles the closing statement, note, deed, and mortgage into a ZIP with a generated LOAN_SUMMARY.txt cover sheet — now including the worked installment-sale numbers above. Hand it straight to your accountant.
These figures are informational and feed your CPA's return; they don't replace professional tax advice.