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Business, 01.07.2019 23:20 smooth5471

Zeke's zipline adventures sold 6 acres of land used in the business. the sales price was $12,000 and the adjusted basis of the land was 9,000. zeke will receive a down payment of $4,000 at the time of sale and the remaining $8,000 early next year. how much gain will zeke recognize in the current year?

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