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Question 43 of 44 2 Points Click to see additional instructions USco, a domestic corporation, operates abroad through a wholly-owned foreign corporation, Fco. During the
Question 43 of 44 2 Points Click to see additional instructions USco, a domestic corporation, operates abroad through a wholly-owned foreign corporation, Fco. During the current year, Fco has total gross income of $20 million, including $800,000 of interest income that qualifies as foreign personal holding company income, and $19.2 million of gross income from the sale of goods that Fco manufactured in its country of incorporation. How much is USco's Subpart F income inclusion for the current year
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