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How much income does donald report in 2018

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On September 16, 2018, Donald Dunn sold for $80,000 property with an adjusted basis of $20,000. The buyer paid $20,000 down with the remaining $60,000 to be paid in four equal annual installments of $15,000 beginning in September 2019 with interest at 12 percent.

How much income does Donald report in 2018 and the following four years? Ignore interest.

Reference no: EM132317193

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