Which of the following income items, when received by a corporation, are included in personal holding company income (PHCI)? Indicate whether any special circumstances would exclude an income item that is generally includible in PHCI.
a. Dividends
b. Interest on a corporate bond
c. Interest on a general revenue bond issued by a state government
d. Rental income from a warehouse leased to a third party
e. Rental income from a warehouse leased to the corporation’s sole shareholder
f. Royalty income on a book whose copyright is owned by the corporation
g. Royalty income on a computer software copyright developed by the corporation and leased to a software marketing firm
h. Accounting fees earned by a professional corporation owned by three equal shareholders, which offers public accounting services to various clients
i. Long-term capital gain on the sale of a stock investment