Installment Sales/ Carryback Notes & Exchanges

Tax - deferred exchanges are frequently combined with seller-financing of the relinquished property. This creates a possible installment sale transaction in which a pro missory note, issued by the buyer for the benefit of the seller/taxpayer, re p resents a portion of the purchase price. For example, if the relinquished property value is $100, the […]

Written by admin on January 19th, 2007.
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