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Kleiner, Inc., an exempt organization, reports net unrelated business income of $590,000, excluding any adjustment for rent income received. Kleiner received net rent income of
Kleiner, Inc., an exempt organization, reports net unrelated business income of $590,000, excluding any adjustment for rent income received. Kleiner received net rent income of $222,000 from land and a warehouse and $230,000 from machinery that is housed in the warehouse. The lessee is unrelated to Kleiner.
Kleiner's unrelated business taxable income is
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