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    Federal Taxation
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    Exam 17: Corporations: Introduction and Operating Rules
  5. Question
    Eagle Company,a Partnership,had a Long-Term Capital Gain of $15,000 During
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Eagle Company,a Partnership,had a Long-Term Capital Gain of $15,000 During

Question 64

Question 64

True/False

Eagle Company,a partnership,had a long-term capital gain of $15,000 during the year.Aaron,who owns 40% of Eagle,must report $6,000 of Eagle's long-term capital gain on his individual tax return.

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