Return to the facts of problem 21. How would your answers change if Binh is not a

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Return to the facts of problem 21. How would your answers change if Binh is not a material participant in the Lamonica Partnership? Assume Binh has no other passive income in either year. Write a memo to Binh explaining what he must do to achieve mutual participation.

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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