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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