If a liquidation is made in installments under Section $346($a$)$:

it is treated as a sale or exchange under Sec. $1001$

the shareholder does not report under the installment method under Sec. $453($c$).$

each payment that the shareholder receives in liquidation is tax free until basis has been full ree

the "open transaction doctrine" from the case Burnet v$.$ Logan case applies

All of the above