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Is the cost of goods sold incurred by a not-for-profit, tax-exempt organization in regularly conducting an unrelated business allowable as a deduction in calculating unrelated

Is the cost of goods sold incurred by a not-for-profit, tax-exempt organization in regularly conducting an unrelated business allowable as a deduction in calculating unrelated business income tax (UBIT)? Go to the www.irs.gov website, look in Charities & Nonprofits, Annual Reporting and Filings, Form 990-T instructions. generally how is UBIT calculated?

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