OutCo, a Controlled Foreign Corporation in Meena, Earns $600,000 in Net

question 138

Multiple Choice

OutCo, a controlled foreign corporation in Meena, earns $600,000 in net interest and dividend income from investments in the bonds and stock of unrelated companies.All of the dividend payors are located in Meena.OutCo's Subpart F income for the year is:

• A)$0.
• B)$0 only if OutCo is engaged in a trade or business in Meena.
• C)$600,000.
• D)$600,000 only if OutCo is engaged in a trade or business in Meena.

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