MLchartDataset catalogue

Installment sale

Term · Law · MLC-T-LAW-002658

A transaction in which a seller receives at least one payment for property after the tax year of the sale. This method allows the seller to defer a portion of the capital gains tax liability until the payments are actually received. The Internal Revenue Service provides specific rules for reporting income from installment sales.

Table 1. Record
IdentifierMLC-T-LAW-002658
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-002658",
  "term": "Installment sale",
  "field": "Law",
  "definition": "A transaction in which a seller receives at least one payment for property after the tax year of the sale. This method allows the seller to defer a portion of the capital gains tax liability until the payments are actually received. The Internal Revenue Service provides specific rules for reporting income from installment sales.",
  "url": "https://mlchart.com/terminology/law/installment-sale/"
}

Record 2,587 of 5,445 in Law terminology (MLC-0107). Request the full dataset.