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Jack owns 1 0 0 shares of X corporation stock. His wife Jill also owns 1 0 0 shares X corporation stock. Jack is a

Jack owns

100

shares of X corporation stock. His wife Jill also owns

100

shares X corporation stock. Jack is a

10 %

partner in Awesome Partnership. Awesome Partnership is considered to own

200

shares of X corporation stock under section

318

because of attribution.

True

False

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