Lake Corporation is a personal holding company.Lake reports the following results for the current year:
No dividends are paid during the current year or the 2-and-one-half-month throwback period.The mortgage relates to the rental properties.Calculate the adjusted income from rents exclusion from personal holding company income.

Question

Lake Corporation is a personal holding company.Lake reports the following results for the current year:  
No dividends are paid during the current year or the 2-and-one-half-month throwback period.The mortgage relates to the rental properties.Calculate the adjusted income from rents exclusion from personal holding company income.

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The Answer of Lake Corporation is a personal holding company.Lake reports the following results for the current year:  
No dividends are paid during the current year or the 2-and-one-half-month throwback period.The mortgage relates to the rental properties.Calculate the adjusted income from rents exclusion from personal holding company income.

Lake Corporation Is a Personal Holding Company