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Indicate whether the following statements are True or False regarding the related parties. a . Related parties include brothers and sisters, spouse, ancestors ( parents
Indicate whether the following statements are "True" or "False" regarding the related parties.
a Related parties include brothers and sisters, spouse, ancestors parents and grandparents and lineal descendants children and grandchildren of the taxpayer.
b Related parties include two corporations that are members of a controlled group.
c Related parties include a corporation owned more than percent directly or indirectly by the taxpayer.
d Constructive ownership provisions are applied to determine whether the taxpayers are related.
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