ForCo, a Foreign Corporation Not Engaged in a U

Multiple Choice

ForCo, a foreign corporation not engaged in a U.S. trade or business, recognizes a $3 million gain from the sale of land located in the United States. The amount realized on the sale was $50 million. Absent any exceptions, what is the required withholding amount on the part of the purchaser of this land?

A) $0
B) $300,000
C) $3 million
D) $5 million