Which of the following exceptions could cause subpart F income to be excluded from the deemed dividend regime?

Question

Quizplus · Accepted Answer

The de minimis rule and the high tax rule are two exceptions that can cause subpart F income to be excluded from the deemed dividend regime. The de minimis rule allows for a certain threshold amount of subpart F income to be exempt from taxation, while the high tax rule applies to income that has already been subject to a high level of taxation in a foreign country. The full inclusion rule requires all subpart F income to be included in the taxpayer's gross income for tax purposes. Therefore, Option A is the correct answer.

Which of the Following Exceptions Could Cause Subpart F Income