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Publication 537 - Introductory Material


Future Developments

For the latest information about developments related to Pub. 537, such as legislation enacted after it was published, go to IRS.gov/pub537.

Reminder

Photographs of missing children. The Internal Revenue Service (IRS) is a proud partner with the National Center for Missing & Exploited Children® (NCMEC). Photographs of missing children selected by the Center may appear in this publication on pages that would otherwise be blank. You can help bring these children home by looking at the photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child.

Preventing slavery and human trafficking. Human trafficking is a form of modern-day slavery, and involves the use of force, fraud, or coercion to exploit human beings for some type of labor or commercial sex purpose. The United States is a source, transit, and destination country for men, women, and children, both U.S. citizens and foreign nationals, who are subjected to the injustices of slavery and human trafficking, including forced labor, debt bondage, involuntary servitude, “mail-order” marriages, and sex trafficking. Trafficking in persons can occur in both lawful and illicit industries or markets, including in hotel services, hospitality, agriculture, manufacturing, janitorial services, construction, health and elder care, domestic service, brothels, massage parlors, and street prostitution, among others. The President’s Interagency Task Force to Monitor and Combat Trafficking in Persons (PITF) brings together federal departments and agencies to ensure a whole-of-government approach that addresses all aspects of human trafficking. Online resources for recognizing and reporting trafficking activities, and assisting victims include the Department of Homeland Security (DHS) Blue Campaign at DHS.gov/blue-campaign, the Department of State Office to Monitor and Combat Trafficking in Persons at State.gov/j/tip, and the National Human Trafficking Resource Center (NHTRC) at humantraffickinghotline.org. DHS is responsible for investigating human trafficking, arresting traffickers, and protecting victims. DHS also provides immigration relief to non-U.S. citizen victims of human trafficking. DHS uses a victim-centered approach to combat human trafficking, which places equal value on identifying and stabilizing victims and on investigating and prosecuting traffickers. Victims are crucial to investigations and prosecutions; each case and every conviction changes lives. DHS understands how difficult it can be for victims to come forward and work with law enforcement due to their trauma. DHS is committed to helping victims feel stable, safe, and secure. To report suspected human trafficking, call the DHS domestic 24-hour toll-free number at 1-866-DHS-2-ICE (1-866-347-2423) or 1-802-872-6199 (non-toll-free international). For help from the NHTRC, call the National Human Trafficking Hotline toll free at 1-888-373-7888 or text HELP or INFO to BeFree (233733).

Introduction

Note. Section references within this publication are to the Internal Revenue Code and regulation references are to the Income Tax Regulations under the Code.

Installment sale.    An installment sale is a sale of property where you receive at least one payment after the tax year of the sale. If you realize a gain on an installment sale, you may be able to report part of your gain when you receive each payment. This method of reporting gain is called the installment method. You cannot use the installment method to report a loss. You can choose to report all of your gain in the year of sale.

This publication discusses the general rules that apply to using the installment method. It also discusses more complex rules that apply only when certain conditions exist or certain types of property are sold.

If you sell your home or other nonbusiness property under an installment plan, you may need to read only the General Rules . If you sell business or rental property or have a like-kind exchange or other complex situation, also see the appropriate discussion under Other Rules , later.

Comments and suggestions.    We welcome your comments about this publication and your suggestions for future editions.

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Ordering forms and publications.    Visit IRS.gov/formspubs to download forms and publications. Otherwise, you can go to IRS.gov/orderforms to order current and prior-year forms and instructions. Your order should arrive within 10 business days.

Tax questions.   If you have a tax question not answered by this publication, check IRS.gov and How To Get Tax Help at the end of this publication.

Useful Items - You may want to see:

Publication

  • 523 Selling Your Home

  • 535 Business Expenses

  • 541 Partnerships

  • 544 Sales and Other Dispositions of Assets

  • 550 Investment Income and Expenses

  • 551 Basis of Assets

  • 4895 Tax Treatment of Property Acquired From a Decedent Dying in 2010

Form (and Instructions)

  • Schedule A (Form 1040) Itemized Deductions

  • Schedule B (Form 1040A or 1040) Interest and Ordinary Dividends

  • Schedule D (Form 1040) Capital Gains and Losses

  • Schedule D (Form 1041) Capital Gains and Losses

  • Schedule D (Form 1065) Capital Gains and Losses

  • Schedule D (Form 1120) Capital Gains and Losses

  • Schedule D (Form 1120S) Capital Gains and Losses and Built-in Gains

  • 1040 U.S. Individual Income Tax Return

  • 1040NR U.S. Nonresident Alien Income Tax Return

  • 1120 U.S. Corporation Income Tax Return

  • 1120-F U.S. Income Tax Return of a Foreign Corporation

  • 4797 Sales of Business Property

  • 6252 Installment Sale Income

  • 8594 Asset Acquisition Statement Under Section 1060

  • 8949 Sales and Other Dispositions of Capital Assets


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