Question 23 of 75. How is the installment sale of an entire business reported on the tax return? O One Form 6252 reports the entire disposition. O Separate Foms 6252 are completed for each asset O One Form 6252 is completed for the tangible assets,and anotheris complated for intangible asset O Separate Foms 6252 are completed for each asset class and type. Mark for follow up Question 24 of 75. Which of the following taxpayers would be most likely to benefit from an installment sale? A taxpayer who sold: O Business-use land, for a gain. 0 A business-use car, at a net gain that was less than the amount of depreciation claimed. O Rental property, at a gain less than the amount of depreciation allowed. O A fishing boat, at a net loss. Mark for follow up Ba ck |Save / Return Later Summary Next