In the case of a sale reported under the installment method, no gain is reported until the seller has recovered the entire cost of the property sold.

Name: In the case of a sale reported under the installment method, no gain is reported until the seller has recovered the entire cost of the property sold.
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Quizplus · Accepted Answer

Under the installment method, gain is reported as payments are received, not after the entire cost is recovered.

In the Case of a Sale Reported Under the Installment