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Research Problem: An individual cash basis taxpayer sells rental real estate on the installment basis. The gain from the disposition is $45,000: $30,000 potential 25% gain and $15,000 potential 0%/15%/20% gain. In what sequence are these gains recognized on the installment sale?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M939181

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