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Unformatted text preview: 45 Realized loss of $4,800. Only $1,800 is ordinary loss and $3,000 is long-term capital loss. 32 Eah partner includes $20,000 with normal 12 months of income reported on June 30. 34 Form 1129 must be filed on May 15, 2010. $13,917 39 $7000 inc in income 500 None None 700 None 44 This is not a change in accounting methods and doesn't need approval from IRS....
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- Fall '11