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Updated over 5 years ago on . Most recent reply

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Jean Bolger
  • Aurora, CO
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Monetized Installment sale

Jean Bolger
  • Aurora, CO
Posted

Just heard about this today  from my tax advisor. It's a new one on me, and I'm still trying to get my head around it. Anyone have any input as to pros and cons? Your experience with this?

  • Jean Bolger
  • Most Popular Reply

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    Thomas Rutkowski
    #5 Personal Finance Contributor
    • Financial Advisor
    • Boynton Beach, FL
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    Thomas Rutkowski
    #5 Personal Finance Contributor
    • Financial Advisor
    • Boynton Beach, FL
    Replied

    @Jason Hartman

    I know several attorneys who have advised/prepared a legal opinion letter for my clients who have done monetized installment sales. I know a few CPAs that are familiar with the concept as well. My opinion is that a CPA really shouldn't be advising clients on legal matters. Interpretation of the codes is for attorneys, not accountants.

  • Thomas Rutkowski
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