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 building used in his trade or business for five years that was depreciated using straight-line depreciation.
B. A taxpayer who sells a parcel of land used in his trade or business.
C. A taxpayer who sells land he inherited from his father five years ago.
D. 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.
Answer: D
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