Taxpayers are required to use the installment method for deferred payments unless the taxpayer elects not to use the installment method.

Name: Taxpayers are required to use the installment method for deferred payments unless the taxpayer elects not to use the installment method.
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Question

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The installment method allows taxpayers to recognize gain on the sale of property over the period payments are received. Taxpayers are generally required to use this method for deferred payments unless they elect not to.

Taxpayers Are Required to Use the Installment Method for Deferred