Repossession of Personal Property from a Deferred Payment Sale Calculator

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If you have repossessed personal property from a deferred payment sale, you can use this calculator to determine the gain or loss. This includes the reportable gain or loss after repossession costs are taken into account.

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Repossession of Personal Property from a Deferred Payment Sale Calculator Definitions

Balance Due at Repossession: Balance due at repossession minus any deficiency judgment.
Fair Market Value: The fair market value of the person property at the time of repossession
Repossession Cost: Costs incurred to repossess the personal property.