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  3. Study Set
    Federal Taxation
  4. Exam
    Exam 23: Exempt Entities
  5. Question
    An Activity Is Not an Unrelated Trade or Business for Purposes
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An Activity Is Not an Unrelated Trade or Business for Purposes

Question 70

Question 70

True/False

An activity is not an unrelated trade or business for purposes of the unrelated business income tax (UBIT) unless it is profitable.

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