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Tesla Inc sold stock valued at $600,000. Its basis in the stock was 550,000. For the stock, Tesla received $450,000 in cash in the current
Tesla Inc sold stock valued at $600,000. Its basis in the stock was 550,000. For the stock, Tesla received $450,000 in cash in the current year and a note providing Tesla with $450,000 in the subsequent year. Assuming Tesla wants to defer as much tax as possible, what is Tesla's recognized gain in the current and subsequent year, respectively? Tesla Inc sold stock valued at $600,000. Its basis in the stock was 550,000. For the stock, Tesla received $450,000 in cash in the current year and a note providing Tesla with $450,000 in the subsequent year. Assuming Tesla wants to defer as much tax as possible, what is Tesla's recognized gain in the current and subsequent year, respectively
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