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

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