Seller financed my primary residence after a few short months.

[Devrie M.]

Hello. I bought a home thinking I could find some help to get the many projects done around here, but instead I ended up with a mess and being ripped off. This was my primary residence and I sold the home to a friend at a very low interest rate, but a higher sales price than I would have been able to get with the house all torn up. $220,000 SP, $195,000 initial purchase price, $5,000 down. I'm not an investor and don't care to be. I'm disabled due to a serious heart condition and stress is a big nono for me. As an installment sale for 2018, I will be taxed on the $5,000 and the interest earned, correct? With short term gains in mind, I am concerned about the tax consequences. Can someone please help me see the big picture here? Telling me what forms I will need to use for reporting will also be very helpful. My taxable income last year was just $700. I really need to retain some of this money. Thank you in advance.