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On January 1, 2022, Anna sold a plot of land with a basis of $25,000 to Meredith for $40,000. Meredith agreed to pay $4,000
On January 1, 2022, Anna sold a plot of land with a basis of $25,000 to Meredith for $40,000. Meredith agreed to pay $4,000 per year for the next ten years. She also agreed to pay interest on the unpaid amounts beginning in 2022. Total interest paid in 2022 was $1,477. What is Anna's taxable gain for 2022? $23 $1,500 $2,977 $4,000 1000-
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