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Donaldson Inc., a S corporation, reports a recognized built-in gain of $113,000 and taxable income of $81,000. The company carries a $6,000 NOL carryforward from

Donaldson Inc., a S corporation, reports a recognized built-in gain of $113,000 and taxable income of $81,000. The company carries a $6,000 NOL carryforward from a C corporation year. The built-in gai...

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