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 they have applied the return of capital principle for installment sales?
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Related Book For
McGraw-Hill's Taxation Of Individuals
ISBN: 9781259729027
2017 Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
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