Installment Sales
The installment sales method is a useful technique for deferring the recognition of gains on property sales. In the Installment Sales course, we cover the general rules for installment sales, as well as how to handle a variety of special situations, such as the use of escrow accounts, like-kind exchanges, and sales to a related person. We also note how to report installment sale income to the IRS.
Format
PDF Course
Level
Overview
Duration
1 Hour
Course Information
Author: Steven Bragg
Course Number: TX1042
Learning Objectives
- Identify the elements included in an installment sale payment.
- Specify the calculation for adjusted basis and gross profit for an installment sale.
- Recall the types of sales to which the installment method can and cannot be applied.
- Specify the criteria for not electing to use the installment method.
- Recall the rules related to installment sales made to a related person.
Level: Overview
Instructional Method: QAS Self-Study
NASBA Category: Taxes
Prerequisites: None
Advance Preparation: None
Latest Review Date: May 2025
Program Registration Requirements: Click on the Enroll button to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.
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