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In which of the following scenarios would the taxpayer NOT be likely to benefit from an installment sale? A taxpayer who sold: Investment-use land for
In which of the following scenarios would the taxpayer NOT be likely to benefit from an installment sale? A taxpayer who sold:
Investment-use land for a gain.
Their main home at a gain that exceeds their allowable exclusion.
A business-use machine at a gain that is more than the depreciation allowed or allowable.
A business-use car at a gain that is less than the amount of depreciation allowed
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