Question
A resident of California sells Nevada real estate in an installment sale. In the current year he receives a return of principal of $10,000, taxable
A resident of California sells Nevada real estate in an installment sale. In the current year he receives a return of principal of $10,000, taxable gain of $2,000 and interest of $1,000. What is his California taxable income?
| $-0- |
| $13,000 |
| $3,000 |
| $1,000 |
| Some other amount |
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Auditing And GRC Automation In SAP
Authors: Maxim Chuprunov
1st Edition
3642353010, 9783642353017
