destion 5 of 75. Shervin sold a plot of land with a basis of S19,000 on May 1, 2021, to Nima for $28.000. Nima agreed to
Posted: Mon Apr 25, 2022 7:56 am
destion 5 of 75. Shervin sold a plot of land with a basis of S19,000 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's taxable gain for 2021 using the installment method? $1.286 $1,500 $4.000 $9.000 Mark for follow up