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Calculate the amount of kind unrelated business income

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Question - Kind, Inc., an exempt organization, leases land, a building, and factory equipment to Shirts, Inc. Shirts is a taxable entity that manufactures shirts for distribution through its factory outlet stores. The rent income and the related expenses for Kind are as follows:

 

Rent Income

Rent Expenses

Land and building

$100,000

$40,000

Factory equipment

125,000

25,000

Calculate the amount of Kind's unrelated business income?

Reference no: EM132436501

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