Questions tagged [installment-sale]
9 questions
7
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If I purchase a house through an installment sale, can I use it as collateral for a loan?
If I use a mortgage to purchase a house, I can use the equity (which I'm assuming is fair market value minus what I owe) as collateral for a bank loan (second mortage, home equity line of credit). Can I do the same if I purchase the house through…
AOM
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Correct way to amend tax return as a result of not correctly reporting gains on sale of private stock based on Installment method?
Background. I owned series A and series B preferred stock in a private company that merged with a public company in 2015 giving rise to large gains.The merger closing date occurred in September 2015 at which time cash proceeds were paid out shortly…
RioTubes
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4
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How to reconcile final payment on installment sale for IRS form 6252?
I have an installment sale that began in 2008 and ended in 2012 in which I was projected to earn a gain on the sale of $1,000 each year for five years. The projected sales price was not achieved due to portions of the sale being contingent on…
WilliamKF
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A stranger requests to buy eBay item in installments
I have an item on sale on eBay for the relevant price of about 750€, I am having a hard time to sell that and I don't want to get rid of it for little money because of supply/demand law.
A buyer with decent positive reputation (60+), 100% positive…
usr-local-ΕΨΗΕΛΩΝ
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How, if at all, does PayPal's "Pay in 4" feature affect credit score?
How, if at all, does using PayPal's "Pay in 4" feature affect one's credit score? It appears that it does not require a hard pull, so it does not lower credit scores; is this correct? Are the payments reported to credit agencies?
kj7rrv
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Paying all at once or paying in installments on new purchase?
I just wonder what would be best way of paying when we make new purchase.
Is it paying money at once or in installments?
soccer7
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Tax implications of selling a non-owner-occupied house and receiving installments
My mother is in the process of selling her rental unit to a buyer. They have a contract laid out where the buyer is making 10-year amortized payments for 5 years, with a balloon payment at the end. When the final payment is made, the sale of the…
Noah
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Which software can I use to do partial / progress invoicing? i.e. invoicing several installments?
I own a small photography business.
Once the client decides to go with my services, I charge them 50% off the full cost of service, to be paid within 5 days upon agreement. This payment secures their date.
Meanwhile, the remaining 50% is not due…
Carmen Sandoval
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Is there any difference in paying upfront versus in monthly installments?
So let's assume I wanted to rent a house which has monthly rent e.g 300 euro every month starting at 1/1/2010.
And let's assume I wanted to rent this house for 24 months.
Only in terms of inflation
Would it be better for me to pay at 1/1/2010 7200…
papajo
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