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Business & farm
@tjd22 wrote:
....if there's an exemption under IRC section 513(f) or any other exemption whereby we could not have to claim the Bingo income as "unrelated business taxable income".
501(c)(3) organizations require legal counsel and tax professionals. The rules and reporting requirements can be complex.
Otherwise, the publication at the link below should provide a general answer to your question.
See https://www.irs.gov/pub/irs-pdf/p3079.pdf
[note that if gaming is not a trade or business, the income is not UBTI]
‎November 11, 2021
7:39 AM
576 Views