Installment sale
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An installment sale is generally a "disposition of property where at least 1 payment is to be received after the close of the taxable year in which the disposition occurs."[1]
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[edit] USA
If a taxpayer realizes income (e.g., gain) from an installment sale, the income generally must be reported by the taxpayer under the "installment method."[2] The "installment method" is defined as "a method under which the income recognized for any taxable year [ . . . ] is that proportion of the payments received in that year which the gross profit [ . . . ] bears to the total contract price."[3]
[edit] UK
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