Installment sale is denied to: Sales of a property by a real estate dealer; sales of depreciable property to a controlled entity and sales or exchanges between spouses do not qualify for the installment method.
The installment method is permitted for dealers of: time-share rights to use of residential real property for not more than 6 weeks, and residential lots, if taxpayer not making improvements.
Related Buyer and two year rule to follow.
David Spencer, Broker
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