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Business, 06.05.2020 06:58 arisworlld

Jake sold an office building in Year 1 on the installment method for $5.5 million. At the end of Year 2, he is still owed $4.9 million on the debt from the sale. In which situation will Jake have to pay interest on the deferred tax of his Year 2 sales if they are all installment sales with no payments in Year 2?

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Jake sold an office building in Year 1 on the installment method for $5.5 million. At the end of Yea...
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