Personal Holding Company


W

William Tucker

If a "C" corporation has more than 60% of it's income from
residential rental real estate would it fall under the PHC
penalty of 38% or can the corporation distribute at least
10% of its gross adjusted income in dividends and not be hit
with the penalty tax. This is quite a stmper for me after
reading the PHC rules.

Thanks,

WPT
 
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