Business, 24.12.2019 23:31 pr957362

Forco, a foreign corporation not engaged in a u. s. trade or business, recognizes a $3 million gain from the sale of land located in the united states. the amount realized on the sale was $50 million. absent any exceptions, what is the required withholding amount on the part of the purchaser of this land?

a. $0

b. $5 million

c. $3 million

d. $300,000

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