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Form 6252 Installment Sale Income What it Is, How it Works

Form 6252 Installment Sale Income What it Is, How it Works

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hello and welcome to this session in which we will discuss installment sales for tax purposes installment sales is one of these transaction that you might have the gained the third to Future period just like qualified like kind exchange like involuntary conversion installment sales we we will have this the third component of the gain now we need to understand how does it occur from an installment sales perspective we already covered 1031 as well as involuntary conversion so what is installment sales installment sales represent the sale of a property where at least one payment is made by the buyer in a tax year after the year which the property was disposed of simply put let's assume we are looking at year 1 and there was a sale in year one but here's what's going to happen the sale happened in year one but a payment for the sale will happen in year two sometime in year two it doesn't matter it doesn't have to be at the end and and sometime anothe

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