This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams.

In this episode you will learn:

• How to calculate the gross profit percentage to determine the taxable gain recognized from each payment.

• Why depreciation recapture under Sections 1245 and 1250 must be recognized in the year of sale.

• The rule prohibiting dealers from using the installment method for sales of their inventory.

• Key restrictions for installment sales of depreciable property between related parties.

• The mnemonic "Dealers, Depreciation, and Dependents Don't Defer" to remember key exceptions.

For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or Youtube Channel: https://www.youtube.com/@Open-exam-prep