LO.3 Determine whether the source of income for the following sales is U.S. or foreign.

a.Suarez, an NRA, sells stock in Home Depot, a U.S. corporation, through a broker in San Antonio.

b.Chris sells stock in IBM, a U.S. corporation, to her brother, Rich. Both Chris and Rich are NRAs, and the sale takes place outside the United States.

c.Crows, Inc., sells inventory produced in the United States to customers in Europe. Title passes in the international waters of the Atlantic Ocean.

d.Doubles, Inc., a U.S. corporation, manufactures equipment in Malaysia and sells the equipment to customers in the United States.