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Get your taxes done using TurboTax
I have to suggest that you consult with a tax professional in your area.
Your transaction could qualify (and you would be required to report as such unless you elect out) for installment sale treatment provided the sale was at a gain and did not involve the sale of inventory and there was no depreciation recapture (the latter must be reported in the year of the sale).
‎June 6, 2021
10:06 AM
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