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Which of the following statements is true concern the disposition of an installment note A . deferred game is not recognized by translator It is

Which of the following statements is true concern the disposition of an installment note
A. deferred game is not recognized by translator It is not a non-taxable transfer to a control corporation be the third game must be recognized. Only if installment note was transferred as a gift to a related party C transfer of installment obligation to another party will not trigger immediate recognition of the game deferred game must be recognizedto the end

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