Publication 537
Installment Sales

For use in preparing 2002 Returns

Table of Contents

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Publication 537, Installment Sales

• Important Reminders
• What Is an Installment Sale?
• General Rules
  • Figuring Installment Income
  • Reporting Installment Income
• Other Rules
  • Electing Out of the Installment Method
  • Payments Received
  • Escrow Account
  • Depreciation Recapture Income
  • Sale to a Related Person
    • Rule 1 - Sale of Depreciable Property
    • Rule 2 - Sale and Resale
  • Like-Kind Exchange
  • Contingent Payment Sale
  • Single Sale of Several Assets
  • Sale of a Business
    • Example
  • Unstated Interest and Original Issue Discount
  • Disposition of an Installment Obligation
  • Repossession
    • Personal Property
    • Real Property
• Reporting an Installment Sale
  • Examples
    • Example 1
    • Example 2
• How To Get Tax Help

Index

[ Click for Table of Contents ]

B

• Basis, Adjusted
• Basis, Assumed mortgage
• Basis, Installment obligation
• Basis, Installment obligation
• Basis, Installment obligation
• Basis, Installment sale
• Basis, Repossessed property
• Basis, Repossessed property
• Bond
• Buyer's note

C

• Contingent payment sale
• Contract price

D

• Dealer sales, special rule

E

• Electing out

F

• Fair market value
• Fair market value
• Figuring installment income
• Form, 4797
• Form, 4797
• Form, 6252
• Form, 8594
• Form, Schedule D (Form 1040)
• Form, Schedule D (Form 1040)
• Form, Schedule D (Form 1040)

G

• Gross profit percentage
• Gross profit, defined
• Guarantee

I

• Installment obligation, Defined
• Installment obligation, Disposition
• Interest, Escrow account
• Interest, Income
• Interest, Reporting

L

• Like-kind exchange

N

• Note, Third-party

O

• Original issue discount

P

• Payments considered received, Buyer assumes debts
• Payments considered received, Buyer pays seller's expenses
• Pledge rule

R

• Related person, Reporting sale to
• Related person, Reporting sale to
• Related person, Sale to
• Repossession, Holding period for resale
• Repossession, Personal property
• Repossession, Real property
• Repossession, Worksheets

S

• Sale of, Business
• Sale of, Home
• Sale of, Land between related persons
• Sale of, Partnership interest
• Sale of, Several assets
• Sale of, Several assets
• Sale of, Stock or securities
• Selling expenses
• Selling price, Defined
• Selling price, Reduced
• Suggestions

T

• Taxpayer Advocate
• TTY/TDD information