Installment Method

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I

Installment Method

Definition

A method of accounting in which gain from an installment sale (i.e., a sale of property in which the purchase price is payable in installments, at least one of which is to be received after the taxable year in which the sale occurred) is recognized in the taxable year in which the seller receives the installment payments.

Related rules

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— Revenue Ruling 79-371

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