Question
Which of the following statements is true, regarding the sourcing of dividend income? a. A percentage of dividends from non-U.S. corporations are U.S. source to
Which of the following statements is true, regarding the sourcing of dividend income?
a. A percentage of dividends from non-U.S. corporations are U.S. source to the extent that 25% or more of the non-U.S. corporations gross income for the 3 years preceding the year of the dividend payment was effectively connected with the conduct of a U.S. trade or business.
b. Dividends are sourced based on the residence of the recipient.
c. Dividends from non-U.S. corporations are always foreign source.
d. Dividends from non-U.S. corporations are foreign-source only to the extent that 80% or more of the non-U.S. corporations gross income for the 3 years preceding the year of the dividend payment was effectively connected with the conduct of a non-U.S. trade or business.
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Fundamentals Of Taxation 2015
Authors: Ana Cruz, Michael Deschamps, Frederick Niswander, Debra Prendergast, Dan Schisler, Jinhee Trone
8th Edition
1259293092, 978-1259293122, 1259293122, 978-1259293092
