Our client, Merry Taxpayer, has a large capital loss carryover ($225,000). She is in the process of selling a parcel of land for $50,000. She received a $10,000 down payment and will receive the balance over the next 10 years at $4,000 a year, plus 8% interest. The note has a FMV of $40,000. She paid a commission of $3,000. Merry paid $25,000 originally for the land more than 5 years ago. Merry would like to know what you would suggest she do and how you are planning to report this on her tax return.