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Ramon owns a 30% interest in a partnership that earned $100.000 in the current year. He also owns 30% of the stock in an Son

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Ramon owns a 30% interest in a partnership that earned $100.000 in the current year. He also owns 30% of the stock in an Son pocation that earned $100,000 during the year. The partnership did not make any distributions, and the corporation distributed $20,000 to him. Rama at pay income tax on $60,000 of income Answers: True False

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