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Installment Sales Gone Bad

Summary

Some of your clients may sell their property on a land contract or act as a lender for the buyer. Generally, these sales go as planned, but what happens if the buyer defaults on the loan and the seller has to repossess the property? In this webinar, you will learn the basic procedures for reporting an installment sale, and how to report the repossession and potential resale of the property.

Objectives

Upon completion of this course, you will be able to:

  • Describe an installment sale transaction.
  • Correctly report an installment sale transaction.
  • Outline the implications of default on an installment sale transaction.
  • Accurately report a repossession of a property sold pursuant to an installment sale transaction.
  • Correctly summarize the tax implications of a later sale of repossessed property.

Course Details

Our researchers will answer your questions during the presentation. This webinar includes the presentation slides, Q&A transcript and access to the webinar recording.






   

Presented by: Betty Stehman, CPA, CIA

​​​​​How to Earn CPE

​To receive full credit for a webinar, you must respond to at least 70% of the polling questions that are asked by the instructor during the webinar and you must be logged in for at least 90% of the presentation.

Please allow up to 7 days for us to verify attendance and issue certificates.

Cancellation Policy

Because this is an online education offering, it is nonrefundable.

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