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 these qualify for installment sale treatment.

Question

Quizplus · Accepted Answer

An installment sale is a sale of property where at least one payment is received in a year after the year of sale. Only choice C describes the sale of an asset used in a business at a gain which could qualify for installment sale treatment. However, it is important to note that not all sales of business assets automatically qualify for installment sale treatment, and there are specific rules and criteria that must be met.

Which of the Following May Qualify as an Installment Sale