Shervin sold a plot of land with a basis of $19,000 on May 1, 2021, to Nima for $28,000. Nima agreed to pay $4,000 per y

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answerhappygod
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Shervin sold a plot of land with a basis of $19,000 on May 1, 2021, to Nima for $28,000. Nima agreed to pay $4,000 per y

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Shervin sold a plot of land with a basis of $19,000 on May 1,
2021, to Nima for $28,000. Nima agreed to pay $4,000 per year plus
interest for the years 2021 through 2027. What is Shervin taxable
gain for 2021 using the installment method? a. $1286 b,$1500 c.
$4000 d. $9000
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