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Question 8 of 15 Which of the following taxpayers would be most likely to benefit from an installment sale? O Cam. He sold a business-use

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Question 8 of 15 Which of the following taxpayers would be most likely to benefit from an installment sale? O Cam. He sold a business-use carata net gain that was less than the amount of deprecation claimed Mart She sold business-use land for a gain. Ryder. He sold a fishing boat at a net loss Tara. She sold property she had held in inventory in her business at a not gain. The buyer prefers to make their first payment following the year of sale Mark for follow up Question 7 of 15. Trevor purchased a van for $15,000 to use exclusively in his delivery business. He sold it four months later in the same year for $10,500. What is the amount of gain or loss, and where on Form 4797 does Trevor report the sale? O $4,500 gain: Part O $4,500 gain, Part It $4,500 loss, Part II $4,500 loss: Part II Mark for follow up

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