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XYZCorporation is a calendar-year corporation. Ann and Paul each own50% of the corporation's stock. Ann's adjusted basis in her XYZstock is 7,800 and Paul's adjusted

XYZCorporation is a calendar-year corporation. Ann and Paul each own50% of the corporation's stock. Ann's adjusted basis in her XYZstock is 7,800 and Paul's adjusted basis in his stock is $4,300.D 2 answers

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