Foreign or Domestic Source Income Flashcards

1
Q

What determines whether income is from a foreign or domestic source for salary, wages and compensation?

A

where services performed

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2
Q

What determines whether income is from a foreign or domestic source for business Income from personal services

A

Where service was performed

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3
Q

What determines whether income is from a foreign or domestic source for business income from sale of inventory?

A

where inventory was sold

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4
Q

What determines whether income is from a foreign or domestic source for business income from sale of inventory produced?

A

Allocation

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5
Q

What determines whether income is from a foreign or domestic source for interest?

A

residence of payor

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6
Q

What determines whether income is from a foreign or domestic source for dividends?

A

US or foreign corporation paid

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7
Q

What determines whether income is from a foreign or domestic source for rent?

A

location of property

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8
Q

What determines whether income is from a foreign or domestic source for royalties from natural resources?

A

Location of the property

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9
Q

What determines whether income is from a foreign or domestic source for royalties from patents, copyrights,etc?

A

Where property is used

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10
Q

What determines whether income is from a foreign or domestic source for sale of real property?

A

Location of property

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11
Q

What determines whether income is from a foreign or domestic source for sale of personal property?

A

Seller’s tax home

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12
Q

What determines whether income is from a foreign or domestic source fora pension distribution attributable to contributions?

A

Where services were performed that earned the pension

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13
Q

What determines whether income is from a foreign or domestic source for investment earnings on pension contributions?

A

Location of the pension trust

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14
Q

What determines whether income is from a foreign or domestic source for sale of natural resources?

A

Allocation based on FMV of product at export terminal

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