An installment sale is best defined as
A)any disposition of property in which at least three payments are received.
B)any disposition of property in which the installment method is elected by the taxpayer.
C)any disposition of property where at least one payment is received after the close of the taxable year in which disposition occurs.
D)any disposition of publicly traded property or inventory where at least one payment is received after the close of the taxable year in which disposition occurs.

Question

Quizplus · Accepted Answer

An installment sale is defined as a sale of property where at least one payment is received after the close of the taxable year in which the sale occurs, allowing the taxpayer to spread the recognition of income over multiple years.

An Installment Sale Is Best Defined as