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.
- 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
IRS Program Number: NMVBP-T-00179-21-S
Length: 100 minutes plus optional question-and-answer session (no CE)
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.