Which of the following is not a related party for constructive ownership purposes under § 267?
A) The taxpayer's aunt.
B) The taxpayer's brother.
C) The taxpayer's grandmother.
D) A corporation owned more than 50% by the taxpayer.
E) None of the above.

Question

Quizplus · Accepted Answer

Under § 267, related parties for constructive ownership purposes include siblings, ancestors, and controlled corporations, but not aunts or uncles.

Which of the Following Is Not a Related Party for Constructive