ebook Print Item Problem 23-30 (a) (LO. 7) Jasper, Inc., an exempt organization, reports net unrelated business income of $260,000, excluding any adjustment for rent income received. Jasper received net rent income from an office building of $120,000 and $75,000 from equipment that is leased with the building. The lessee is unrelated to Jasper. Jasper's unrelated business taxable income is x. eports net viral a Feedback Check My Work Unrelated business income is generally that derived from the unrelated trade or business, reduced by the deductions directly connected with the conduct of the unrelated trade or business. Previous Next