Question: Using the facts in the previous problem, Oriole Corporation proposes to pay Larry $100,000 and give him an installment note that will pay him $30,000

Using the facts in the previous problem, Oriole Corporation proposes to pay Larry $100,000 and give him an installment note that will pay him $30,000 per year for the next 10 years plus a market rate of interest. Will this arrangement allow Larry to treat the redemption as an exchange? Consult I.R.C. §453(k)(2)(A).

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