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QUESTION
None of the shareholders are related. Subpart F income for the tax year is $200,000. No distributions are made. A. Good Corporation is not a CFC.
None of the shareholders are related. Subpart F income for the tax year is $200,000. No distributions are made. A. Good Corporation is not a CFC. Which of the following statements is correct? A. Good Corporation is not a CFC. B. Chee includes $60,000 in gross income. C. Marina includes $16,000 in gross income. D. Marina is not a U.S.
