Multiple Choice
Which of the following income earned by a controlled foreign corporation incorporated in Spain is not foreign personal holding company income?
A) Gross profit from the manufacture and sale of inventory to an unrelated party.
B) Interest income received from a loan to an unrelated party.
C) Rent received from a passive investment in an apartment complex.
D) Dividend income from a five percent investment in an unrelated corporation.
Correct Answer:
Verified
Correct Answer:
Verified
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