A taxpayer who receives payments for a sale over multiple tax years receives a special tax treatment for gain on that sale.  This course reviews how to compute the tax consequences of an installment sale from start to finish, including potential interest imputation issues.

Learning Objectives

  • Learn the elements of an installment sale including possible imputed interest
  • Understand proper tax reporting for each element of the installment sale in the year of sale and in subsequent years

Education Information

IRS Program Number: NMVBP-T-00179-21-S

Length: 100 minutes plus optional question-and-answer session (no CE)

Prerequisite: None

Advanced Preparation: None

Program Level: Basic

Delivery Method: Self-Study

Field of Study: Federal Tax (IRS);

Credit hours: 2 IRS CE

Instructor: Thomas Gorczynski, EA, CTP, USTCP Click here to learn more about the instructor

All continuing education credit is provided through Gregory & Associates, Inc. which is doing business as Compass Tax Educators. Click here for more information regarding our education policies.

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