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    Federal Taxation
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    Exam 23: Exempt Entities
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    If Personal Property Is Leased with Real Property and More
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If Personal Property Is Leased with Real Property and More

Question 129

Question 129

True/False

If personal property is leased with real property and more than 45% of the rent income under the lease is from personal property, all of the rent income is subject to the unrelated business income tax.

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