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Can i take installment sale on sale of non public 1120s

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stock bruce...
can i take installment sale on sale of non public 1120s stock bruce
Submitted: 2 years ago.Category: Tax
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8/20/2015
Tax Professional: USTaxAdvising, CPA replied 2 years ago
USTaxAdvising
Category: Tax
Satisfied Customers: 1,237
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Hello Bruce,

Certainly, yes, you can have your 1120S sale purchase agreement stipulate that the proceeds are payable over a number of years. This way the gain on sale will be recognized in each year you receive proceeds.

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Tax Professional: USTaxAdvising, CPA replied 2 years ago

Just ensure that the agreement states that the proceeds are payable over future years and ensure the number of years are identified.

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Tax Professional: USTaxAdvising, CPA replied 2 years ago

I hope that provides the confirmation you were looking for. If not please let me know if you have any additional questions and I will get back to you as soon as I can.

Best regards,

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