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10 points Luke sold land valued at $ 210,000 . His original basis in the land was $ 180,000 . For the land , Luke
10 points Luke sold land valued at $ 210,000 . His original basis in the land was $ 180,000 . For the land , Luke received $ 60,000 in cash in the current year and a note providing $ 150,000 in the subsequent year . What is Luke's recognized gain in the current and subsequent year , respectively ? For the toolbar , press ALT + F10 ( PC ) or ALT + FN + F10 ( Mac ) . BI Paragraph Open Sans , a 10pt A T I + ] ABC ) 150,000 180,000 -30,000 -120,000 $ 30,000 -90,000
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