Which of the Following Transactions,if Entered into by an NRA,is

question 39

Multiple Choice

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

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

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Definitions:

AaMm

Represents a genotype consisting of two different alleles, Aa, for one trait and two different alleles, Mm, for another trait, indicating a hybrid individual.

Dominant Allele

An allele that expresses its phenotype even in the presence of a different (recessive) allele at the same genetic locus in a heterozygote.

Aniridia

A congenital condition characterized by the complete or partial absence of the iris, affecting the individual's vision.

Genotype AAbbCc

The genetic makeup of an organism consisting of two alleles for one trait, with one being dominant A, aa indicating recessive, and Bb Cc being heterozygous.