33. Sam sells land for $100,000 which has a tax basis of $150,000. The terms of the sale provide that $50,000 of the proceeds are payable in 2022 and $50,000 are payable in 2023. Which of the following could be the tax consequence (circle more than one if more than one are possible)?

A. Recognize $50,000 loss in 2022.

B. Recognize $50,000 loss in 2023. C. Recognize $25,000 loss in 2022 and $25,000 loss in 2023. D. Recognize no loss in 2022 or 2023.