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Jeanette and Winnie, individuals, own all of the outstanding stock of Leggett Corporation. Each has a basis of $30,000 in their twenty (20) shares of

Jeanette and Winnie, individuals, own all of the outstanding stock of Leggett Corporation. Each has a basis of $30,000 in their twenty (20) shares of stock. Leggett Corporation has Earnings And Profit...

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