Information Regarding Assets and Liabilities Franklin Securities (Robert is a 50% partner) The fair market value of Robert's interest is $5 million. Robert's current adjusted tax basis is $1 million. Details of the transfer of the business (sale) are as follows. 50%: a 10-year installment sale to Mark Newhart for a down payment of 20% on January 1, 2022, and monthly payments beginning February 1, 2022, at 10% annual interest 50%: self-canceling installment note (SCIN) or private annuity to Elise