Industry WIKI

In United States income tax law, an installment sale is generally a "disposition of property where at least 1 loan payment is to be received after the close of the taxable year in which the disposition occurs." The term "installment sale" does not include, however, a "dealer disposition" (as defined in the statute) or, generally, a sale of inventory. The installment method of accounting

Qualified residence interest is the most significant exception to the limitations imposed by § 163(h) of the Internal Revenue Code.