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Installment Sales of Property
Installment sale. Some sales are made under arrangements that provide for part
or all of the selling price to be paid in a later year. These sales are called
“installment sales.” If you finance the buyer’s purchase of your
home yourself, instead of having the buyer get a loan or mortgage from a bank,
you probably have an installment sale. You may be able to report the part of the
gain you cannot exclude on the installment basis.
Use Form 6252, Installment Sale Income, to report the sale.
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