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Question 23 of 75. How is the installment sale of an entire business reported on the tax return? O One Form 6252 reports the entire disposition. O Separate Foms 6252 are completed for each asset O One Form 6252 is completed for the tangible assets,and anotheris complated for intangible asset O Separate Foms 6252 are completed for each asset class and type. □Mark for follow up Question 24 of 75. Which of the following taxpayers would be most likely to benefit from an installment sale? A taxpayer who sold: O Business-use land, for a gain. 0 A business-use car, at a net gain that was less than the amount of depreciation claimed. O Rental property, at a gain less than the amount of depreciation allowed. O A fishing boat, at a net loss. □Mark for follow up Ba ck |Save / Return Later Summary Next
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