Block · one region of the page, as the scanner read it. It may hold a whole story, part of one, several, or an advertisement; stitching blocks into articles is the next step. Text is supplied OCR.
Page 3 · column 9 of 10 · from the scan, no model involved
for the installment method whereby the seller would report the gain proportionately in those years in which he collects the cash from the buyer.
In addition to receiving cash in the year tax payments are due. the seller also benefits by deferring the taxes. To qualify for the installment method of reporting the gain, the seller must not receive more than 30 per cent of the selling price in the year of the sale.
If there is anything we can do to help you in the field of real estate, please phone or drop in at EILEEN M. DAY, REALTOR, Middle Street, Washington. Phone: 675-3400. We’re here to help.
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