Tax result from selling a house with seller financing

[Steve Hyzny]

I hear and have read a lot about seller financing from the buyers side. My big question is if I sell a house I own outright and want to sell it with seller financing what are my tax liabilities.

I know I have to declare the interest from payments.

do I have to pay capital gains when the house sells. Not sure why a seller would want to take the tax hit and collect payments from the buyer.