Sale of Business Property
Property Sale - Receiving Payments In Future Years
You may elect to report the sale on IRS Form 6252 which spreads the tax liability on the gain over the life of the installment period. You may elect not to use the installment method if you want to report the entire profit in the current year of sale.
Note If you need professional help with "Sale of Business Property" or have other tax questions, we can help you find a local licensed CPA for a free, no-obligation consultation.