Unrelated debt-financed income, net of the unrelated debt-financed deductions, is subject to the unrelated business income tax only if the exempt organization is a private foundation.

Question

Quizplus · Accepted Answer

Unrelated debt-financed income, net of the unrelated debt-financed deductions, is subject to the unrelated business income tax for all exempt organizations, not just private foundations.

Unrelated Debt-Financed Income, Net of the Unrelated Debt-Financed Deductions, Is