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Calculating the taxable portion of each payment requires identifying several values: Topic no. 705, Installment Sales | Internal Revenue Service

An installment sale allows you to defer tax liability by reporting a portion of your gain as you receive each payment, rather than paying the entire tax bill in the year of the sale. 705 jcygrlswzip

: This is the default method for reporting qualified sales, though you can choose to "opt-out" and report the full gain immediately. Calculating the taxable portion of each payment requires

: You must use IRS Form 6252 to calculate and report your installment sale income. Key Financial Components 705 jcygrlswzip