Which of the following may qualify as an installment sale?
A)Sale of inventory at a gain.
B)Sale of securities.
C)Sale of asset used in a business at a gain.
D)Land sold at a loss.
E)All of the choices qualify for installment sale treatment.

Question

Quizplus · Accepted Answer

Only the sale of an asset used in a business at a gain may qualify as an installment sale. An installment sale occurs when payments are received over two or more tax years, and the gain is recognized in the year the payments are received.

Which of the Following May Qualify as an Installment Sale