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EFG Corporation is owned 30% by El, 10% by Fido, 35% by Gas, and 25% by Highland Corp. Highland Corp is owned 60% by

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EFG Corporation is owned 30% by El, 10% by Fido, 35% by Gas, and 25% by Highland Corp. Highland Corp is owned 60% by Gus and 40% by Elf Fido is Elf's brother a Calculate the direct and indirect ownership percentages for each owner Insert answers in the table on the answer sheet Direct Percentage ownership Name Indirect Percentage ownership of related party(ies) Total Percentage ownership (direct plus indirect) Elf Fido Gus Highland 4 b. Elf sells capital assets to EFG for a $45,000 loss. What type of loss is it and how much of this loss can be deducted for tax purposes in the year of sale? c. Gus sells capital assets to EFG for a $75,000 loss. What type of loss is it and how much of this loss can be deducted for tax purposes in the year of sale? ALT 610 (RC) ALT+FNAF10 (Mari

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