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The Following Persons Own Schlecht Corporation,a Non-U.S.entity

Question 159

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The following persons own Schlecht Corporation,a non-U.S.entity.
​
The following persons own Schlecht Corporation,a non-U.S.entity. ​ None of the shareholders are related.Subpart F income for the tax year is $300,000.No distributions are made.Which of the following statements is correct? A) Schlecht is not a CFC. B) Chee includes $90,000 in gross income. C) Marina is not a U.S. shareholder for purposes of determining whether Schlecht is a CFC. D) Marina includes $24,000 in gross income.
None of the shareholders are related.Subpart F income for the tax year is $300,000.No distributions are made.Which of the following statements is correct?


A) Schlecht is not a CFC.
B) Chee includes $90,000 in gross income.
C) Marina is not a U.S. shareholder for purposes of determining whether Schlecht is a CFC.
D) Marina includes $24,000 in gross income.

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