1.26 Ark. Code R. 51-411(e)

Current through Register Vol. 49, No. 9, September, 2024

Rule 1.26-51-411(e) - Sales of Real Estate or Personal Property

Gain or loss on installment sales of real estate or personal property will be treated as provided in Sections 453, 453A and 453B of the Internal Revenue Code of 1986, as in effect on January 1, 1995. Refer to 1995 Treasury Regulations §1.453-4 et seq. and §1.453A-1 et seq. for guidance in applying IRC Sections 453, 453A and 453B. For proper reporting of installment payments, see 2. 26-51-404(a)(2) and 3. 26-51-404(a)(2).