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Question 1 of 75 Shervin sold a plot of land with a basis of $10.000 on May 1, 2021, to Nima for $20,000. Nima agreed

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Question 1 of 75 Shervin sold a plot of land with a basis of $10.000 on May 1, 2021, to Nima for $20,000. Nima agreed to pay 54.000 per yes plus interest for the years 2021 through 2027. What is Shervin's taxable gain for 2021 using the installment method? $1.286 $1,500 $4,000 $9.000

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