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7/9/99 Called writer and advised that while steps (1) and (2) above would not be reportable, step (3) is reportable, as long as the partnership below does not hold exempt realty, which would permit...

7/9/99 Left phone mail message for writer that no reportable events were taking place here under the provisions of 7A(c)(3) and (c)(10). Also, the explanations seemed to resolve any potential 801.90...