Financial Definition of Installment Sale
Meaning of Installment Sale
The sale of an asset in exchange for a specified series of payments (the installments).
Related Entries of Installment Sale in the Encyclopedia of Law Project
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Installment Sale in Historical Law
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Legal Abbreviations and Acronyms
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| Installment Sale in the Dictionary | Installment Sale in our legal dictionaries |
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| Related topics | Installment Sale in the World Encyclopedia of Law |
What is Installment Sale?
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United States Tax Concept of Installment Sale
A sale in which you receive the proceeds over a period of time. Unless you elect out you will report the gain on that transaction as you receive it through the series of payments. At least one payment must be received after the end of the tax year in which the sale occurs. The installment method does not apply to year-end sales of publicly traded securities. Dealers may not use the installment method. If you made an installment sale before May 7, 1997 the part of the payments received on or after that date that represent long term capital gains qualify for the lower tax rate.
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