This is the third in a series of posts reviewing the recently proposed regulations (“PR”) under Sec. 199A of the Code.

So far, we’ve considered the elements of a “qualified trade or business” under Section 199A, and the related issue of what constitutes a “specified service trade or business,” the owners of

Installment Reporting: Sale of Corporate Stock v. Sale of Partnership Interest

Most advisers understand that if a taxpayer sells his or her shares of stock in a corporation in exchange for a promissory note, the taxpayer generally can defer recognition of the gain realized on the sale until principal payments are received on the note