Installment Sale 2 months apart?

[Daniel Chang]

I do plan to talk to my tax advisor about this.  But this is crunch time tax season, and it's hard to get ahold of him.  Just wanted to see if anyone here as an idea so I can at least start brainstorming a little.

If I'm in escrow selling a property, and the close date is in November.  That is <2 months from a new fiscal year.  Does anyone know if it is allowed to do an installment sale (or seller's financing...both are the same thing essentially), where buyer pays half on closing and half 1/2/2023 (<2 months later)?  My thought was to split the tax hit over 2 years instead of one.  My reading of IRS regulations seem to allow it, but nothing is specifically mentioned about <2 months between payments as long as it crosses a new fiscal year.

(Yes I'm aware of other options such as 1031, DST's, etc etc. I'm exploring the "just take the tax hit" option.)