This course covers rules surrounding installment sales and recapture of prior depreciation.

Topics Covered

* Installment sale rules
* Figuring the gross profit percentage on installment sales
* Reporting interest income from installment sales
* Buyer assumes seller's mortgage
* Installments sales of business use property
* Recapture of Section 1245 depreciation
* Recovery of Section 1250 depreciation
* Repossession of property sold under installment method
* Sale of property to related persons
* Electing out of the installment method
* How to complete Form 6252 Installment Sale Income

You can purchase the manual for this course for $0.99 at http://pnwtaxschool.com/oc-catalog/al...

Pacific Northwest Tax School is approved by the following organizations as a provider of continuing education:

* The IRS
* NASBA QAS (NASBA Sponsor #109290),
* Oregon Tax Board,
* The Texas State Board of Public Accountancy (Texas Sponsor #009794)
* The New York State Board for Public Accountancy (Sponsor License #002479)

You can receive 1 hour of free CE by enrolling in this course at http://pnwtaxschool.com/oc-catalog/al...


Terms of use

Pacific Northwest Tax School's course materials and teaching techniques are valuable proprietary information of Pacific Northwest Tax School, and all such information is subject to copyright, including written, recorded, internet based as well as all other electronic media. Each Student agrees that she/he will use the information only for purposes of education and training; and as a condition of enrollment, that they will not disseminate the information to any third party and will treat the materials as confidential information of Pacific Northwest Tax School. As a condition of enrollment, Students pledge not use any information in any competitive fashion, including to create or derive competitive materials. Students further agree that any breach of these terms and conditions shall cause the school irreparable harm, entitling Pacific Northwest Tax School to injunctive relief, as well as any other remedy that may be available at law or equity. Students shall have twelve months from date of enrollment in any continuing education course, to successfully complete the course and receive their Certificate of Completion.