ForCo,a foreign corporation,receives interest income of $100,000 from USCo,an unrelated domestic corporation.USCo has historically earned 82% of its income from foreign sources.What amount of ForCo's interest income is U.S.source?

Question

Quizplus · Accepted Answer

The interest income is not U.S. source because USCo has historically earned 82% of its income from foreign sources.

ForCo,a Foreign Corporation,receives Interest Income of $100,000 from USCo,an Unrelated