Federal Tax Research 10th Edition by Roby Sawyers,William Raabe,Gerald Whittenburg,Steven Gill

تمرين 8

Taylor Joseph has held stock in Foreign Corporation classified as a passive-foreign-investment corporation (PFIC) for the last three years. Starting with the current year, Foreign will no longer meet the definition of a PFIC. Determine whether Taylor must continue to treat his investment in Foreign as a PFIC.