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Ann is a shareholder of Android Corporation and has a stock basis of $10,000. Android has $12,000 of current E&P and $5,000 of accumulated E&P.

Ann is a shareholder of Android Corporation and has a stock basis of $10,000. Android has $12,000 of current E&P and $5,000 of accumulated E&P. Anne sold her shares to Paul for $9,000 on Oct...

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