Installment Sales

Defer gain recognition strategically by mastering the installment sales method. This course explains the general rules governing installment sales and then addresses complex situations, including escrow arrangements, like-kind exchanges, and sales to related parties. You will also learn how to calculate and report installment sale income to the IRS, integrating tax compliance requirements into a practical framework for structuring and documenting property transactions.
Format

PDF Course

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Duration

1 Hour

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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.
Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

AccountingTools, Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have the final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.
The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.