Unrelated business income (UBI): a. Includes unrelated income from an activity where all the work is performed

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Unrelated business income (UBI):

a. Includes unrelated income from an activity where all the work is performed by volunteers.

b. Is not created if the activity results in a loss.

c. Is 100% taxable on the exempt organization’s tax return.

d. Specifically excludes income from the research of a college or hospital.

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South-Western Federal Taxation 2020 Comprehensive

ISBN: 9780357109144

43rd Edition

Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman

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Question Posted: Sep 19, 2019 12:54 PM

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Unrelated business income (UBI): a. Includes unrelated income from an activity where all the work is performed

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South-Western Federal Taxation 2020 Comprehensive

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