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Repossession of Personal Property from an Installment Sale Calculator

Enter the repossession details

$

On the date of repossession. A price you bid at a public auction usually counts as the value.

$

Principal still owed when you repossessed, not counting interest.

%

Gross profit divided by contract price, as used on your installment sale returns.

$

Legal fees, towing, moving and storage to get it back.

More options
$

Value of cash or property the buyer gave you on top of the repossessed property.

Use this when you reported the original sale on the installment method. If you reported the whole gain in the year of sale, use the deferred payment sale version.

Your repossession results

Gain or loss on the repossession

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Basis in the installment note

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Unrealized profit in the note

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Basis in the property you took back

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Gross profit percentage used–

Gain or loss worksheet

The line-by-line calculation for personal property sold on the installment method, as laid out in IRS Publication 537.

LineWhat it holdsAmount

Results are estimates for educational purposes and are not financial, tax or legal advice.

Figure your gain or loss when you take back personal property, such as a vehicle or equipment, that you sold on the installment method, and your basis in the property afterwards. Try the free rent calculator to run your own numbers — everything is calculated in your browser and nothing you enter is stored or sent anywhere.