All of the Following Taxpayers Can Use the Installment Method

Multiple Choice

All of the following taxpayers can use the installment method to report gains from the sale of assets except:

A) A taxpayer who sells a large piece of manufacturing equipment on which he took a Section 179 deduction for the total cost two years ago when purchased.
B) A taxpayer who sells land he inherited from his father five years ago.
C) A taxpayer who sells a parcel of land used in his trade or business.
D) A taxpayer who sells a building used in his trade or business for five years that was depreciated using straight-line depreciation.