Uching and eBook Print item Problem 23-30 (c) (LO. 7) 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 X- Feedback Check My Work Unrelated business income is generally that derived from the unrelated trade or business, reduced by the deductions directly connect conduct of the related trade or business