in each of the following scenarios the taxpayer sold personal property in a seller financed transaction. after the buyer defaulted on the loan the taxpayer repossessed the property. which of these individuals would have bad debt? a. Carter used the installment method to report the sale of the fishing boat. At the time of repossession the FMV of the boat was 3500. Carter's basis in the obligation was 3850 and he paid 100 in repossession costs. b. Clara used installment method to report the sale of a piece of jewelry. at the time of repossession thr FMV of the item was 5800. Clara's basis in the obligation was 5000 and she paid 250 in repossession costs. c. Gianna sold a painting but chose not to use the installment method to report the sale. at the time of repossession the FMV of the painting was 8000. Gianna basis in the obligation was 10000 and paid 500 in repossession cost. d. Wyatt sold his 1969 Camero but chose not to use the installment method to report the sale. At the time of repossession the FMV of the car was 26000. wyatt basis in the obligation was 20000 and he paid 750 in repossession costs.