If Personal Property Is Leased with Real Property and More

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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Definitions:

Coronary Artery

The arteries that supply blood to the heart muscle itself.

Myocardial Infarction

Commonly known as a heart attack, this condition occurs when blood flow to a part of the heart is blocked for a long enough time to cause damage or death to heart muscle.

Blood Clot

A thicken mass of blood that forms to stop bleeding, but can cause medical issues if it blocks blood flow to vital areas.

Coagulation

The process by which blood changes from a liquid to a gel, forming a blood clot, which is crucial in preventing excessive bleeding.