If Personal Property Is Leased with Real Property and More

question 143

True/False

If personal property is leased with real property and more than 80% 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:

Limit Switch

A device used to detect the presence or absence of an object or to determine its position by physically interacting with it, often acting as a safety mechanism.

Tag

In programming and automation, a label or identifier used to name a variable or element within a system.