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Tim sells land to Brad for $75,000. Tim originally purchased the land for $50,000. Brad agrees to pay Tim five annual installments of $15,000 each.

Tim sells land to Brad for $75,000. Tim originally purchased the land for $50,000. Brad agrees to pay Tim five annual installments of $15,000 each. In year three, Brad makes his third installment of $15,000. How much taxable gain will Tim have in year three

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