If Personal Property Is Leased with Real Property and More

question 108

True/False

If personal property is leased with real property and more than 50% of the rent income under the lease is from personal property,all of the rent income is subject to the unrelated business income tax.

---

Definitions:

Complex stepfamily

A family structure that includes children from previous relationships of both partners, creating a network of relationships more complicated than those in simple stepfamilies.

Biological children

Offspring to whom one is genetically related, as opposed to children acquired through adoption or other means.

Family composition

Refers to the makeup or structure of a family, including the number and relationship of its members.

Role expectations

The anticipated behaviors and actions associated with a particular social position or status.