General Rules

General Rules

• • General Rules
    • Fair market value (FMV).
    • Sale at a loss.
    • Unstated interest.
    • Figuring Installment Sale Income
      • Interest Income
      • Adjusted Basis and Installment Sale Income (Gain on Sale)
        • Figuring adjusted basis for installment sale purposes.
        • Worksheet A. Figuring Adjusted Basis and Gross Profit Percentage
        • Selling price.
        • Adjusted basis for installment sale purposes.
        • Adjusted basis.
        • Selling expenses.
        • Depreciation recapture.
        • Gross profit.
        • Contract price.
        • Gross profit percentage.
        • Amount to report as installment sale income.
      • Selling Price Reduced
        • Worksheet B. New Gross Profit Percentage—Selling Price Reduced
    • Reporting Installment Sale Income