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Truman Corp., a calendar year closely held C corporation that is not a PSC , has $ 5 5 , 0 0 0 of net
Truman Corp., a calendar year closely held C corporation that is not a PSC has $
of net active income; $ of portfolio income; and a $ loss from a passive
activity.
a What is Truman's TI for the year?
b What if Truman is a PSC
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