Which of the following statements about subpart F income is false?
A) Subpart F income is constructively repatriated to U.S. shareholders of a controlled foreign corporation (CFC) when earned.
B) Subpart F income has no commercial or economic connection to the CFC's home country.
C) Subpart F income includes income from the manufacture of goods in the CFC's home country.
D) Subpart F income includes income from the purchase of goods from a related party that are subsequently sold to another related party for use outside the CFC's home country.
Correct Answer:
Verified
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