Which of the Following Transactions, If Entered into by an NRA

question 132

Multiple Choice

Which of the following transactions, if entered into by an NRA, is not subject to U.S.taxation?

• A)Sale of a commercial building located in Houston, Texas, and owned directly by the NRA.
• B)Sale of stock of a foreign corporation whose only asset is a U.S.building.
• C)Sale of stock of a domestic corporation whose only asset is undeveloped U.S.real estate.
• D)Sale of partnership interest.The partnership's assets predominantly are made up of U.S.real estate.

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Definitions:

Agree

To have the same opinion or to consent to a proposal or viewpoint.

Rationale

The reasoning or justification behind a decision, strategy, or action.

Personal Brand

The practice of marketing oneself and one's career as brands, emphasizing a unique combination of skills, experiences, and personality.

Needed

Essential or required in a particular situation or for a specific purpose.