Which of the following transactions, if entered into by an NRA, is not subject to U.S.taxation?

Question

Quizplus · Accepted Answer

The sale of stock of a foreign corporation whose only asset is a U.S. building is not subject to U.S. taxation because the foreign corporation is not considered a U.S. person for tax purposes. The sale of a commercial building located in Houston, Texas, and owned directly by the NRA, and the sale of stock of a domestic corporation whose only asset is undeveloped U.S. real estate are subject to U.S. taxation. The sale of a partnership interest that predominantly consists of U.S. real estate is also subject to U.S. taxation.

Which of the Following Transactions, If Entered into by an NRA