Compare how the return of capital principle applies when: (1) a taxpayer sells an asset and collects

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Compare how the return of capital principle applies when: (1) a taxpayer sells an asset and collects the sale proceeds immediately, and (2) a taxpayer sells an asset and collects the sale proceeds over several periods (an installment sale). If Congress wanted to maximize revenue from installment sales, how would it have applied the return of capital principle for installment sales?

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Taxation Of Individuals And Business Entities 2020

ISBN: 9781259969614

11th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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