Which of the following conditions are required for the use of the installment method?
A)The taxpayer must realize a gain on the sale of the property.
B)The taxpayer cannot be on the cash method.
C)The value of the obligations received is determinable at the date of sale.
D)All of the above are required.

Question

Quizplus · Accepted Answer

The installment method is used when a taxpayer realizes a gain on the sale of property and receives at least one payment after the tax year of the sale. The other conditions listed are not required for the use of the installment method.

Which of the Following Conditions Are Required for the Use