B, a United States Shareholder, acquires its 70% interest in foreign corporation F’s shares on March 15, 2022 (1/5 of the year) from A, a non-resident alien who owned the stock since January 1, 2022. During the year, F earns $2000 of Subpart F income and has an e&p of $2000. Before B’s acquisition of the shares, F distributed a dividend of $150 to A. How much Subpart F income should B reflect in 2022 from its ownership of the F shares?

Answer rating: 100% (QA)

StepI Answer 8 B shouid re fleet 140o of SubPart f income in 2022 from its oWRership... View the full answer