Compare how the return of capital principle applies when (1) a taxpayer sells an asset and collects

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Compare how the return of capital principle applies when (1) a taxpayer sells an asset and collects the sale proceeds immediately and (2) a taxpayer sells an asset and collects the sale proceeds over several periods (an installment sale). If Congress wanted to maximize revenue from installment sales, how would they have applied the return of capital principle for installment sales?

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McGraw-Hill's Taxation Of Individuals

ISBN: 9781259729027

2017 Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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