Assume that instead of holding the properties directly, Lord Peter always held the properties through his US corporation, Holdco. What are the U.S. tax consequences to Holdco from its operation of these properties assuming Holdco has no other U.S. income? Group of answer choices Holdco's gross rental income is FDAP income taxed under section 871(a). Holdco's net rental income is taxed under section 871(b) since the rental is effectively connected with its trade or business in the United States. Holdco's net rental income is taxed under section 11. Holdco's gross rental income is taxed under section 11