Multiple Choice
OutCo, a controlled foreign corporation owned 100% by USCo, earned $900,000 in Subpart F income for the current year.OutCo's current year E & P is $250,000 and its accumulated E & P is $18 million.What is the current year Subpart F deemed dividend to USCo?
A) $250,000.
B) $650,000.
C) $900,000.
D) $18 million.
Correct Answer:
Verified
Correct Answer:
Verified
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