What about Unrelated Business Income Tax?

Q: What about Unrelated Business Income Tax?

This is a question that you should ask your accountant. We have been advised that IIC funding is the same as a charitable contribution. Even if you do need to pay UBIT, your organization would likely still net over $1,000 from the $1,300 IIC distribution that would typically result from the sale of a $300,000 home.

Question

Nrrdy · Accepted Answer

This is a question that you should ask your accountant. We have been advised that IIC funding is the same as a charitable contribution. Even if you do need to pay UBIT, your organization would likely still net over $1,000 from the $1,300 IIC distribution that would typically result from the sale of a $300,000 home.