A corporation can exclude certain categories of income (e.g., adjusted income from rents)from PHCI
through the payment of dividends sufficient to reduce the amount of other PHCI to 10% or less of OGI.

Question

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This is true according to the Internal Revenue Code Section 1297(d)(2)(A). A corporation can exclude certain categories of income from PHCI through the payment of dividends sufficient to reduce the amount of other PHCI to 10% or less of OGI.

A Corporation Can Exclude Certain Categories of Income (E