Deferred Payment Sales


Deferred Payment Sales: Change The Basis and Character Rules In installment sales and open transactions, tax is deferred until payments are received. This proposal would continue to defer tax until payments are received, but would change the recovery of basis and character rules. The proposal would allocate payments first as recognition of the built-in gain on the sold property; once the entire gain has been recognized, payments would be allocated…
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Andrews & Kurth Centennial Professor of Law, University of Texas at Austin - School of Law, USA
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