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Pedro sells investment land on September 1, 2019 Information pertaining to the sale follows: $28,eee 100,00 Adjusted basis Selling price Selling expenses Down payment Four
Pedro sells investment land on September 1, 2019 Information pertaining to the sale follows: $28,eee 100,00 Adjusted basis Selling price Selling expenses Down payment Four installment payments Mortgage assured by the buyer 11,500 16,800 22,100 Required: Each installment payment is due on September 1 of 2020, 2021 2022 and 2023 (ignore interest) Determine the tax consequences in 2019 2020 2021, 2022, and 2023 (Do not round intermediate calculations. Round your final answers to nearest whole dollar value.) You Recognized 2019 2020 2021 2022 2023 Total $
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