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Connie purchased land ten years ago for $750,000. The land is presently valued at $1,500,000. She wants to sell the land for its present value

Connie purchased land ten years ago for $750,000. The land is presently valued at $1,500,000. She wants to sell the land for its present value using the installment sale method. She also wants to structure the sale so that she will receive $300,000 a year for five years. How much of each annual payment will she be required to report as capital gain from the sale? (Ignore all considerations of interest for purposes of this question.)

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