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 late sale of repossessed property.

Course Details

This webinar includes the presentation slides, exam questions, live webinar recording with review questions, and Q&A transcript. CPE is issued after exam is successfully completed.






   

Presented by: Betty Stehman, CPA, CIA

How to Earn CPE

To receive credit for this on-demand webinar, you must make at least one attempt to answer each of the review questions included with the webinar video. You also must successfully pass the course exam with a score of 70% or better.

The course and exam will expire one year from the date of purchase.

Cancellation Policy

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

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