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Julio, a nonresident alien, realizes a gain on the sale of commercial real estate located in Omaha. The real estate was sold to Mariana, Julio's cousin who is also a nonresident alien. Julio recognizes foreign-source income from the sale because his home country is not the U.S.
Foreland Basin
A structural basin that forms adjacent to a mountain belt, typically filled with sediments eroded from the mountains.
Passive Margin
A tectonically inactive edge of a continent along which there is no significant volcanic or earthquake activity, typically characterized by a broad continental shelf.
Compression
The act of pressing together; in geology, it refers to the stress applied to materials causing a decrease in volume or shortening.
Thrust Faulting
A geological process where one rock layer is pushed up over another, often leading to mountain building.
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