Installment Sale - Who Can't Use

By
Real Estate Broker Owner with Keller Williams Team Realty

Installment sale is denied to: Sales of a property by a real estate dealer; sales of depreciable property to a controlled entity and sales or exchanges between spouses do not qualify for the installment method.

 

The installment method is permitted for dealers of: time-share rights to use of residential real property for not more than 6 weeks, and residential lots, if taxpayer not making improvements.

 

Related Buyer and two year rule to follow.

 

David Spencer, Broker

MyBlog; website

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the leaf to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Tags:
taxes irs installment sales planning exemption davids blog illinois dupage bloomingdale

Comments 0 New Comment

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the camera to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Anonymous
Post a Comment
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the camera to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Rainmaker
760,668

David Spencer

Chicago Area Commercial-Residential R.E.
Ask me a question
*
*
*
Spam prevention

Accessibility option: listen to a question and answer it!

To submit the form,
drag the graph to the circle on the side.

Type below the answer to what you hear. Numbers or words, lowercase:

Additional Information

Real estate topics on better business performance, education, advanced techniques for selling/buying residential, commercial and investment real estate; 1031 tax deferred exchange, licensing; anecdotes and stories to ponder.