Welcome Guest. Register Now!  

Ask TaxGuru » Individual » Capital Gains » How is the Capital Gain reported on an Installment Sale?


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 01-05-2009, 12:50 PM
TaxGuru's Avatar
Tax Guru
  
Join Date: Jan 2007
Location: New Jersey, USA
Posts: 2,417
Blog Entries: 3
How is the Capital Gain reported on an Installment Sale?
According to the IRS rules, the gain reported on an installment sale is calculated using the following method:

.... (Total Gain) x .....(Payments Received) = Recognized Gain
(Calculated Price)

Recognized Gain is reported as Capital gain on Schedule D of the Individual Tax Return Form 1040.

__________________
Find a CPA near you!

Ask TaxGuru Please refer to the legal disclaimer.

Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply

« What requirements have to be met to use an Installment Method of reporting? | What are the tax consequences of Put and Call options? »


Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts
vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
S-Corp's "Loan to Shareholder" = cap gain on sale? kieso S-Corporation 0 10-05-2008 06:08 PM
How much US tax do I have to pay on the gain on sale of foreign property in the UK? aoraha C-Corporation 0 08-05-2008 06:31 PM
What is the Special 30% Limit for Capital Gain Property made to 50% Limit Org's?. TaxGuru Itemized Deductions 0 07-09-2008 11:35 AM
If the Ownership/Use Test are not met, can the gain on sale of home be excluded? Redden Capital Gains 0 03-24-2008 06:25 PM
Capital Losses on the sale of Second home turned into Rental Property? emc2005 Capital Gains 1 07-30-2007 05:52 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
Ask TaxGuru?
 
Individual
 » Income
 » Estimated Taxes
 » Capital Gains
 » Itemized Deductions
 » IRA/Sep
 » Rental Real-Estate
 » Alternative Minimum Tax
 » Filing Requirements
 » Sole-Proprietorship
 » Medical
 » Auto Expenses
 » Social Security
 » Tax Credit
 » Depreciation
 » Divorce Tax Issues
 » Homeowner Tax
 » Multistate
 
Corporations
 » C-Corporation
 » S-Corporation
 » Limited Liability Company
 » Payroll
 » Multistate Tax Issues
 » Non-Profit Organisation
 » Trusts and Gift Tax Returns
 
Forum for CPAs
 » CPA Forums
 
Financial Planning
 » Estate Planning
 » Retirement Planning
 » Investment Strategy
 » Education Planning
 » Life Insurance
 
 » Tax News
 » Tax Calculators
 » Downloads
 » Contact Us
 
 
» Recent Tax Q&A
No Threads to Display.


Advertise - Contact Us - Ask TaxGuru - Archive - Disclaimer - Privacy Statement - Top
Copyright © 2007, AskTaxGuru.com
Powered by vBulletin® Version 3.6.8
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.1.0