Cuestinisiof The Whict of the lolowing atesteiat woold the tarpares be moas liaely to benefit from an asatalinerd sale? Ataperet wha sale idepectiation aliserd or alowilis der eade: A plot of and, pumtiand ahd hield an in iviaginest. Tle land wn veld at a ioss. olowatis ace mode Mark fart faliow ve Auswibe 27 of 73 trencraisisis: Her buger intedats so poy for the tisck owe tive weter. there yata traler when it eas rew, ind in wis faly de precuted. Mark, for follow op Questite 28 of 25 . Tao years ago, Make qois busineisuce propertor is Joen in as walimeet sake. the contaci grice received paymests totwing $2,700 is 2022. What a wount should be reported as taxabk: instaliment sqle income on lakey zoz2 iefurn? 5540 $2,900 52.169 52,700 Mark for folise of Question 26 od 75 in which of the following scenanos would be taxayer be mon shely to benefa frem an instalument sale? Ataxpyer who iold A beruness-use car, The ules peice is more than the taxgayer's bars aftet deductienator. depreciation allowed or allowable are made Their main home. The gin on the sale is less than their alowatle endusion A plot of land, purchased and held ws an investrient. The land was sold at a ioss. their businesw we macline for less than the basa after deductions for deprecuation aliewed or "allowable are made. Mark for follow up Queition 27 of 75 Al of the following taspares would lae to report the sale of property as an installment sale Which taxpyer is elyele to do so? No sellng eapenses nere associated with ary of the Hansections: Che-bea. Whe sold a food truck fer S75,000. Hier bdwated tasis at the time of sale was \$9,000 Her buper intends to pay for the truck over five year: Iated. He soid on office buiding for $250,000. He purchased it lor $190,000 and had ciaimed $60,000 depreciation. Mis buyer intends to pary $52,000 per yeat plus 6% interest for the years: Melba She is downiling and sold part ot her inveatary ef personal property valued at $36,000 to Alicia for $54,000. Alicis intends to pay Melba $18,000 per veat, plus interest, for the nent three years. Nathaniel. He sold an equipment trailer Isr S20,008. He recewed two 510,000 payments the fint en April 1, 2022, and the second on December 1, 2022. Nattuniel paid $14000 tor the trailer when it was new, ans it was filly depreclated. Mark for folinw ap Quetaion 28 of 75 two years ago, iale sold business use property to Tom in an incaliment whe. The contrzet price was 510,000 , and lates moss profit on the sale aas 52,000 , Tom has kept hin end of the received pxyments totaling $2,700 in 2022 . What amount shouls be reported as tacable, intalimets sale insome on jake's 2023 retum? Quectenzo of Ts In which of the faliowing sienarios would the tseparer be most larly to benefit from an: intatiment tale? A tapelyer who sold: A butiness-wse car. The seles price is more than the taspayer's bans after desuctions for thepredabion atlowed or allowable are made. Their main home. The gain on the saie a less than their alowoble exclusion. A plet of tand, purchased and held as an kvestinent. The land was sold at a loss. Theie business-use machine for less than the basis, atter deductions for depreciation allowrd or. allowable are made. Mark for follow up Question 27 of 75 All of the following taxpayers wodld tike to report the saie of froperty as an intalment sule. Which taxpayer is elgible to do so? No seling expenses were associated with any of the transactions. Chelsea. She sold a food truck for $75,000. Her adjusted basi at the time of sale war $93,000 : Her buyer intends to pay for the truck over five veais. ared. He sold an oflice bulling for $260,000. He purchused it for $190,000 and had claimed $60,000 depreciation. His buyer intends to pay $52,000 per year plus 6K interest for five veari. Melba. She is downseing and sold part of her inventory of personal property valued at $36,000 to Alioa foe $54,000. Alicia intends to pay Melba $18,000 per yeat, plus interes, for the next three years. Nathaniel. He sold an equipment traier for $20,000. He received two $10,000 payments, the first on April 1, 2022, and the second on December 1, 2022. Nathaniel paid $14,000 for the trailer when it was new, and it was fully deprectated. Mark for fallow up Question 28 of 75 . Two vears ago, lake sold buciness-use peoperty to Tom in an instalment sale. The contract price was $10,000, and fake's aross profit on the sale was $2,000. Tom has kept has end of the agreement by making regulat, periodic payments ever since. After subtractirg interest, fake received payments totaling $2,700 in 2022 . What amount should be reported as taxable, installment aale income on bake's 2022 return? Question 27 of 75. All of the following taxpayers would like to report the sale of property as an installment sale. Which taxpayer is eligible to do so? No selling expenses were associated with any of the transactions. 12 Chelsea. She sold a food truck for $75,000. Her adjusted basis at the time of sale was $93,000. Her buyer intends to pay for the truck over five years. Jared. He sold an office building for $260,000. He purchased it for $190,000 and had claimed $60,000 depreciation. His buyer intends to pay $52,000 per year plus 6% interest for five years. Melba. She is downsizing and sold part of her inventory of personal property valued at $36,000 to Alicia for $54,000. Alicia intends to pay Melba $18,000 per year, plus interest, for the next three years. Nathaniel. He sold an equipment traller for $20,000. He received two $10,000 payments, the first on April 1, 2022, and the second on December 1, 2022. Nathaniel paid $14,000 for the trailer when it was new, and it was fully depreciated. Mark for follow up Question 28 of 75. Two years ago, Jake sold business-use property to Tom in an instaliment sale. The contract price was $10,000, and Jake's gross profit on the sale was $2,000. Tom has kept his end of the agreement by making regular, periodic payments ever since. After subtracting interest, Jake received payments totaling $2,700 in 2022 . What amount should be reported as taxable, instaliment sale income on Jake's 2022 return? Two years ago, Jake sold business-use property to Tom in an installment sale. The contract price was $10,000, and Jake's gross profit on the sale was $2,000. Tom has kept his end of the agreement by making regular, periodic payments ever since. After subtracting interest, Jake received payments totaling $2,700 in 2022. What amount should be reported as taxable, installment sale income on Jake's 2022 return? $540 $2,000 $2,160 $2,700 Mark for follow up Question 28 of 75. Two years ago, Jake sold business-use property to Tom in an installment sale. The contract price was $10,000, and Jake's gross profit on the sale was $2,000. Tom has kept his end of the agreement by making regular, periodic payments ever since. After subtracting interest, Jake received payments totaling $2,700 in 2022. What amount should be reported as taxable, installment sale income on Jake's 2022 return? $540$2,000$2,160$2,700 Mark for follow up Question 28 of 75. Two years ago, Jake sold business-use property to Tom in an installment sale. The contract price was $10,000, and Jake's gross profit on the sale was $2,000. Tom has kept his end of the agreement by making regular, periodic payments ever since. After subtracting interest, Jake received payments totaling $2,700 in 2022. What amount should be reported as taxable, installment sale income on Jake's 2022 return? $540$2,000$2,160$2,700 Mark for follow up