Installment Sales for Real Estate

2 CE Topic
Written By Natalie Kolodij

Summary

An installment sale allows a taxpayer to sell an asset and spread the gain across multiple years by spreading out the payments received on that sale. In this class we will cover the basics of installment sales including how to calculate the installment sale, how to complete form 6252, and what happens when there are changes in the sale or the buyer defaults on the payments.

Objectives


Upon completion of this session, you will be able to:

  • Calculate an installment sale

  • Report form 6252 for correct gain, interest, and return on basis

  • Account for changes to the sale

  • Understand the impacts of non-payment, repossession, or sale of the note

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CPE information
Duration: 100 minutes

Course level: Beginner

Natalie Kolodij
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