John provides financial consulting services to his former employer, Star Consulting Inc., through his corporation, Jackson Inc. John owns 100% of Jackson and is the only employee. Which of the following statements is true? 1) Jackson is earning aggregate investment income (AII). 2) Jackson is a specified investment business (SIB). 3) Jackson is not a personal services business (PSB) if Jackson is associated with Star Consulting. 4) Jackson is not a PSB if John sells 50% of his interest in Jackson to an unrelated person.
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