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Question 57 of 75. Jacine sold a plot of land to Evan on July 31, 2021. The sale price was $25,000, and Jacine's basis
Question 57 of 75. Jacine sold a plot of land to Evan on July 31, 2021. The sale price was $25,000, and Jacine's basis in the property was $15,000. Evan made one payment of $5,000 during 2021 and agreed to pay an additional $5,000 each year, plus interest, for the next four years. Using the installment method, what is Jacine's taxable gain for 2021? $2,000 $5,000 $10,000 $25,000
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