Chapter 1, Problem 46P

for each of following citations, identify the type of authority (Statutory, administrative, or judicial) and explain the citation. 1.111-1 IRC 469 (c)(7)(B)(i) Rul 82-204, 1982-2 C.B. 192 Amdahl Corp., 108 TC 507 (1997) PLR 9727004 Hills v. Comm’r, 50 AFTR2d 82-6070 (11th, 1982)

3.When reading the Code, you must look for connecting words that may affect whether you may apply the rules of the Section. Look at §§152(b)(3)(B)(i) and 152(b)(3)(B)(ii). The connecting word is a.And b.But c.Or d.Only

Answer in subparts: A. 0.57895 or 11:19 B. 0.90476 or 19:21 C. 0.3258 Note: Please answer d, e and f only.