Question: Question 31. (10 points) Given the following information, determine if FanCo, a foreign corporation, is a CFC. Shareholders of foreign corporation Voting power Classification Murray

Question 31. (10 points) Given the following information, determine if FanCo, a foreign corporation, is a CFC.

Shareholders of foreign corporation Voting power Classification

Murray 24% U.S. person

Nancy 20% U.S. person

Otto 40% Foreign person

Patricia

Patricia is Murrays daughter. 16% U.S. person

Answer:

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