An Activity Is Not an Unrelated Trade or Business for Purposes

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.

---

Definitions:

Compute

To calculate or process information, often using a computer or mathematical algorithms.

Company Earned

The total revenue or profit generated by a company over a specific period.

Store Owner

An individual or entity that owns and manages a retail business establishment.

Carpets Left

Refers to the quantity of carpets that remain unsold or available in inventory.