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Senthel and Amallah, are both calendar year taxpayers, and each own a 15% interest in the ABC, Fine Food Purveyors. ABC is a partnership. DEF,
Senthel and Amallah, are both calendar year taxpayers, and each own a 15% interest in the ABC, Fine Food Purveyors. ABC is a partnership. DEF, Inc., owns 70% of ABC, DEF uses a fiscal year that ends on March 30th. The ABC partnership has not
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