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Omar Corporation incurs the following transactions: - Net income from operations $100,000 - Interest income from savings account $3,000 - Long-term capital gain from sale

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Omar Corporation incurs the following transactions: - Net income from operations $100,000 - Interest income from savings account $3,000 - Long-term capital gain from sale of securities $10,000 - Short-term capital loss from sale of securities $4,000 Omar maintains a valid S election and does not distribute any assets (cash or property) to its sole shareholder, Maureen. As a result, Maureen must recognize (ignore 20%QBI deduction): Ordinary income of $109,000 Ordinary income of $103,000 and long-term capital gain of $6,000. Ordinary income of $103,000

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