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During 2020, Harry self s capital asset with an adjusted cost base of $15,000 for proceeds of $24,000. He receives a down payment of &80,000
During 2020, Harry self s capital asset with an adjusted cost base of $15,000 for proceeds of $24,000. He receives a down payment of &80,000 in 2020 with the balance due in 2021. What is the minimum Harry will have to include in net income for tax purposes as a result of this sale?
What is the minimum Harry will have to include in net income for tax purposes as a result of this sale?
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