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I’m reading Ninja’s REG textbook and on page 25 of Property Transactions, there’s a question about capital gains tax.
My analysis was there was 60,000 of taxable gains at 20%. It shouldn’t matter when the installment sale first started, right?
The textbook says it’s 60,000 taxed at 15%
BEC - 87 | 02/28
REG - 70 | 06/10, REMATCH | 08/30
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