Partner S is to receive $100,000 in retirement of her partnership interest. The payments are to be spread over a 10-year period and paid in installments of $10,000 per year. If A's basis is $12,000 and the payments are considered to be Section 736 (b) payments, how much income must A report in Year 1 if an election to apportion gain is made? $0 $2,000 $8,800 $10,000
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