Which of the following statements regarding SCINs is correct?

A.If the seller outlives the SCIN term, the buyer continues to pay the SCIN payment until the sellers death.

B.The payments received by the seller under a SCIN are treated as interest income.

C.A SCIN can provide the seller with a collateral interest in the property sold.

D.If the seller dies before the end of the SCIN term, the seller is deemed to have made a taxable gift to the buyer equal to the difference between the payments made and the total principal payments due on the SCIN.