business stock sold, installment sale?

[jcwcpa]

From all I've read, a stock sale can be reported on form 6252, as long as it is NOT a publicly held security.
Does anyone know if that is certain? It is a sale of 100% of the stock of an S Corporation, by it's only shareholder, to one new shareholder.
No assets or goodwill or inventory are involved. Is it allowed on a 6252 for 8 years?

[Snaggletooth]

Installment Sale Allowed

Is it allowed on a 6252 for 8 years?

It would be allowed for the duration of collection of money. 5 years, 15 years, 25 years, whatever. Treatment does not stop until final dollar is collected. Also stops with an early payoff.

Since the sale is for stock only (and not selling the business), there are no complicating factors such as goodwill, asset recapture, etc. So long as the S Corp continues to be in business and operate.