which of the following arrangements generated the most non qualified income? A.

Question

which of the following arrangements generated the most non qualified income? A. $6,000 of management fees from a 40% owned jv and $2,000 of management fees from a JV owned 50%. B. 5,000 of development fees earned from a 50% owned JV and 3,000 of net interest income from a qualifying hedge and 1,000 of REIT dividends. C. 5,000 of management fees from a 90% owned joint venture with an 80% 704(b) capital account and 2,000 of percentage rent based on gross revenue less merchandise return and 50 received from tenants for courtesy services. D. cleaning service costing 1,000 to clean inside a tenant's premises in a retail property that the tenant uses s an office and2,000 mortgage interest determined by a tenant's gross profit and 4,000 of interest on a loan secured 80% by property and 20% by a franchise license.

Explanation / Answer

C. 5,000 of management fees from a 90% owned joint venture with an 80% 704(b) capital account and 2,000 of percentage rent based on gross revenue less merchandise return and 50 received from tenants for courtesy services.

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