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Can a church that assumes a building for worship subject to two sublet leases be subject to Unrelated business tax income on those rents received?

taxprep5268
Level 2
 
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sjrcpa
Level 15

It could.


Ex-AllStar

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2 Comments 2
sjrcpa
Level 15

It could.


Ex-AllStar
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Accountant-Man
Level 12

Maybe.

** I'm still a champion... of the world! Even without The Lounge.
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