Repossessing Business Equipment After a Seller-Financed Sale
Recovering the machines requires a new gain-and-basis calculation rather than reversing the old sale.
TOPIC COLLECTION
Post-sale reporting
A focused reading path from The Exit Ledger. Start with the question closest to your situation, then review the linked sources and documentation steps.
A Seller Note Becomes Uncollectible: Establish Basis and Worthlessness Before Claiming a Loss
Unpaid face value and a deductible bad debt are different amounts.