Example of UBTI - a church or other non-profit invests in a non-profit commingled managed fund. The fund's portfolio one year just happens to invest in some variant of real estate development or the like [as opposed to dividend, interest, and traditional gain securities]. That year, the fund will pour out to the fund participants UBTI
If this posted response is useful to you, please click on the upraised hand in the lower left of this post. Thank you. Scruffy Curmudgeon--PFFM/ IAFF, retired FireFighter/Paramedic - Locals 718/30, Veteran USAR O3 AIS/ASA '65-'67
NOT INTUIT EMPLOYEE
USAR 64-67 AIS/ASA MOS 9301 - O3
- Just donating my time
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