The following persons own Schlecht Corporation, a foreign corporation.
$\begin{array}{llr}
\text {Jim, U.S. individual } &35\%\
\text { Gina, U.S. individual} &15\%\
\text {Marina, U.S. individual } &8\%\
\text { Pedro, U.S. individual } &12\%\
\text {Chee non-U S individual } &30\%\
\end{array}$

None of the shareholders are related. Subpart F income for the tax year is $300,000. No distributions are made. Which of the following statements is correct?

Question

The following persons own Schlecht Corporation, a foreign corporation.
$\begin{array}{llr}
  \text {Jim, U.S. individual  } &35\%\
 \text {  Gina, U.S. individual} &15\%\
 \text {Marina, U.S. individual  } &8\%\
 \text { Pedro, U.S. individual } &12\%\
 \text {Chee non-U S individual  } &30\%\
\end{array}$

None of the shareholders are related. Subpart F income for the tax year is $300,000. No distributions are made. Which of the following statements is correct?

Quizplus · Accepted Answer

The Answer of The following persons own Schlecht Corporation, a foreign corporation.
$\begin{array}{llr}
  \text {Jim, U.S. individual  } &35\%\
 \text {  Gina, U.S. individual} &15\%\
 \text {Marina, U.S. individual  } &8\%\
 \text { Pedro, U.S. individual } &12\%\
 \text {Chee non-U S individual  } &30\%\
\end{array}$

None of the shareholders are related. Subpart F income for the tax year is $300,000. No distributions are made. Which of the following statements is correct?

The Following Persons Own Schlecht Corporation, a Foreign Corporation None of the Shareholders Are Related