Which of the following is a US real property interest (USRPI)? A. Any interest,

Question

Which of the following is a US real property interest (USRPI)? A. Any interest, other than a creditor, in real property located in the US Virgin Island or the United States, B. Any interest as a creditor in a domestic corporation, unless the taxpayer establishes that the corporation was not a US real property holding corporation for five years preceding a disposition, C. A contract to provide specialized material for the construction of an office building in the US, D. Any interest in a partnership in which 45 percent or more in value of the gross assets consists of USRPIs, or 70 percent or more of the value is USRPI and cash or cash equivalents.

Explanation / Answer

USRPI is A. Any interest, other than a creditor, in real property located in the US Virgin Island or the United States

Note: If multiple options can be chosen, also choose the other correct answer B. Any interest as a creditor in a domestic corporation, unless the taxpayer establishes that the corporation was not a US real property holding corporation for five years preceding a disposition

Related Questions

Navigate

• Browse (All)
• Browse W
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.