When taxpayers sell property in an installment sale and realize gain, they generally recognize the gain:
A) in the ﬁrst year in which an installment payment is received.
B) over the tax years in which they collect the proceeds from the sale.
C) at the time of the sale.
D) none of the above.

Question

Quizplus · Accepted Answer

When taxpayers sell property in an installment sale and realize gain, they generally recognize the gain over the tax years in which they collect the proceeds from the sale

When Taxpayers Sell Property in an Installment Sale and Realize