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A taxpayer entered into a lease purchase agreement (as the lessor) for her rental house with her renter in 2014. Does she recognize the entire gain/loss on the sale on her 2014 return, or does she use the installment method to recognize it. The renter is making payments over a 15 year period with the option to buy it at the end of the period for a nominal amount.

Reference no: EM131174137

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