Arkansas Administrative Code
Agency 006 - Department of Finance and Administration
Division 05 - Division of Revenues
1998-1 - Comprehensive Corporation Income Tax Regulations
Rule 26-51-411 - GAIN OR LOSS - SALES OF PROPERTY
Rule 1.26-51-411(e) - Sales of Real Estate or Personal Property
Universal Citation: AR Admin Rules 1.26-51-411(e)
Current through Register Vol. 49, No. 9, September, 2024
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).
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