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Can the sale of S Corporation stock be reported as an Installment sale?

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Level 1
last updated ‎March 04, 2020 12:51 PM

I have a client considering a sale of 100% of his S corporation stock.  A portion of sale proceeds would be paid to him in current year, with the balance paid over several years.

I read that stock reported on an exchange can't be reported as an installment sale, but could not find that Capital stock was excluded. I just wanted to be sure.  Thanks to all.

 

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Level 14
last updated ‎March 04, 2020 12:51 PM

 Sales of nonpublicly traded stock can be reported on the installment method.


ex-AllStar

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Highlighted
Level 14
last updated ‎March 04, 2020 12:51 PM

 Sales of nonpublicly traded stock can be reported on the installment method.


ex-AllStar

View solution in original post

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Level 1
last updated ‎March 04, 2020 12:51 PM

Thank you!

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