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Author Question: Arnie is negotiating the sale of land to Phil. Arnie's basis in the land is $3,000,000, and it ... (Read 31 times)

Marty

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on: Sep 13, 2020
Arnie is negotiating the sale of land to Phil.  Arnie's basis in the land is $3,000,000, and it currently has a fair market value of $5,000,000.  Phil wants to pay the purchase price over three years.  Arnie suggests that Phil pays $2,000,000 at closing, then pay $1,200,000 each of the next three years.  Arnie would not require that Phil pay any interest under these terms.  Discuss the tax issues that Arnie should consider.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by Marty on Sep 13, 2020

ntsoane kedibone

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Marty

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

mcabuhat

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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