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If Bashir owed 30% of Red Corp. for all of 2020, what amount of ordinary income (or loss) is allocated to Bashir? If Bashir owned
If Bashir owed 30% of Red Corp. for all of 2020, what amount of ordinary income (or loss) is allocated to Bashir? If Bashir owned 30% of Red Corp. for the first 200 days of 2020 (assume 2020 had 365 d...
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