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a) Calculate taxable income for Roby for 2018, 2019, and 2020 if the company makes a cash distribution of $40,000 on 12/31/20. b) Calculate taxable
a) Calculate taxable income for Roby for 2018, 2019, and 2020 if the company makes a cash distribution of $40,000 on 12/31/20.
b) Calculate taxable income for Wilborn for 2018, 2019, and 2020 if the company makes a cash distribution of $10,000 and a distribution of the land on 12/31/20.
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