A non-dealer taxpayer sells a piece of equipment for $18,000, the sale price being paid in 3 annual installments. The taxpayer's basis in the property at the time of sale was $11,000. Of the $7,000 gain on the sale, $6,000 is subject to depreciation recovery under Code Sec 1245. 

How much of the gain can be taken on average under the installment method?

Answer rating: 100% (QA)

Under the installment method gain on the sale of property is recognized proportionately as payments ... View the full answer