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3-4. Interest income from a CFC - CFC (a French corporation) is owned by DC. CFC pays $100 of interest income to DC. CFCs income
3-4. Interest income from a CFC - CFC (a French corporation) is owned by DC. CFC pays $100 of interest income to DC. CFCs income includes $80 of interest income from CDs with US banks and a $100 loss on its business operations in France. What type of income does DC have from CFC and its source?
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