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QUESTION 10 1.76 points Save Answ Questions 10 and 11 are based on the following information: P is a 60% partner in the PDQ partnership.

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QUESTION 10 1.76 points Save Answ Questions 10 and 11 are based on the following information: P is a 60% partner in the PDQ partnership. During 20x7, P sold 40% of PDQ to R so that P had an 60% interest in PDQ for 65 days and a 20% interest in PDQ for 300 days. PDQ had a $45,625 short-term capital gain in its 20x7 tax year. How much of the short-term capital gain must P report? 1. None of these. 2. $19,875 3. $12,375 4. $10,750 QUESTION 11 1.76 points Save Answ See Question 10 for facts. How much of the short-term capital gain must R report? O 1. None of these O 2. $18,250 3. $3,250 4. $15,000

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