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5(...continued)
(A) Personal property.--Any disposition
of personal property by a person who
regularly sells or otherwise disposes of
personal property of the same type on the
installment plan.
(B) Real property.--Any disposition of
real property which is held by the taxpayer
for sale to customers in the ordinary course
of the taxpayer's trade or business.
(2) Exceptions.--The term "dealer
disposition" does not include--
(A) Farm property.--The disposition on
the installment plan of any property used or
produced in the trade or business of farming
(within the meaning of section 2032A(e)(4) or
(5)).
(B) Timeshares and residential lots.--
(i) In general.--Any dispositions
described in clause (ii) on the
installment plan if the taxpayer elects
to have paragraph (3) apply to any
installment obligations which arise from
such dispositions. An election under
this paragraph shall not apply with
respect to an installment obligation
which is guaranteed by any person other
than an individual.
(ii) Dispositions to which
subparagraph applies.--A disposition is
described in this clause if it is a
disposition in the ordinary course of
the taxpayer's trade or business to an
individual of--
(I) a timeshare right to use
or a timeshare ownership interest
in residential real property for
not more than 6 weeks per year, or
a right to use specified
campgrounds for recreational
purposes, or
(continued...)
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