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41. Gyan sold an oriental rug in 2019 for $25,000. He acquired the rug in 2012 for $17,000. He received $6,000 in 2019 and $10,000
41. Gyan sold an oriental rug in 2019 for $25,000. He acquired the rug in 2012 for $17,000. He received $6,000 in 2019 and $10,000 in 2020. Gyan sold the installment obligation on January 3,2021 for $8,500. Gyan's long-term capital gain on the sale of the installment obligation is: a. $-0- b. $2,380 c. $6,120 d. $8,500 e. none of these
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