Which of the following is true concerning tax-exempt organizations with unrelated business income?
A) They may deduct the first $1,000 of unrelated business income.
B) They must include income from donated merchandise.
C) They must include investment income in computing their tax liability.
D) All of the above are true.

Question

Quizplus · Accepted Answer

Tax-exempt organizations must include income from donated merchandise in computing their unrelated business income.

Which of the Following Is True Concerning Tax-Exempt Organizations with Unrelated