Which of the following transactions,if entered into by an NRA,is not subject to U.S.taxation?
A) Sale of stock of a foreign corporation whose only asset is a U.S.building.
B) Sale of a commercial building located in Houston,Texas,and owned directly by the NRA.
C) Sale of stock of a domestic corporation whose only asset is undeveloped U.S.real estate.
D) Sale of partnership interest.Partnership's assets are predominantly U.S.real estate.
Correct Answer:
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