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John sold a piece of land in 2020 for $350,000. The adjusted cost base of the land was $75,000. The selling costs incurred in 2020
John sold a piece of land in 2020 for $350,000. The adjusted cost base of the land was $75,000. The selling costs incurred in 2020 were $5,000. The terms of the payment included an immediate down payment of $50,000, with the remainder of the cost to be paid over the next three years in three equal payments. John wishes to report the minimum taxable capital gain each year. What is the minimum taxable capital gain to be reported by John in 2020? Do not use commas or dollar signs. 27000 What is the minimum taxable capital gain to be reported by John in 2021? Do not use commas or dollar signs. Round to the nearest whole number. 73333 What is the minimum taxable capital gain to be reported by John in 2022? Do not use commas or dollar signs. Round to the nearest whole number. 73333
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