Tax on Seller financing

[Account Closed]

Im considering a seller financed deal on some properties where I have significant gain. The properties are worth about $220K, Purchase price was about $145K and of course deferred depreciation for about 7 years so total gain maybe in the range of $160K+. 1031 is not an option for me at this time. If I seller finance on a 3-5 year note, how are the taxes calculated? I would collect 30 years amortized payment (P&I) and balloon in 3 or 5 years. So how do I calculate annual capital gains tax in that scenario?