Answered: Can a church that assumes a building for worship subject to two sublet leases be subject to Unrelated business tax income on those rents received?

taxprep5268 · ‎12-07-2019

sjrcpa · ‎12-07-2019

It could.

The more I know, the more I don't know.

sjrcpa · ‎12-07-2019

It could.

The more I know, the more I don't know.

Accountant-Man · ‎12-07-2019

Maybe.

** I'm still a champion... of the world! Even without The Lounge.

Can a church that assumes a building for worship subject to two sublet leases be subject to Unrelated business tax income on those rents received?