Question: What are “directly connected” expenses? Answer: Deductions incurred solely because of the unrelated business are known as directly connected expenses. These are expenses that wouldn’t be incurred if the unrelated business didn’t exist. For example, the costs of maintaining a building that’s used solely for a gift shop (the unrelated business) could be a directly… [Read More]
What are “directly connected” expenses?
May 28, 2014 by Benjamin Stolz, Esq.
Filed Under: Form 990, Nonprofit Organizations, UBIT/ Unrelated Business Income Tagged With: directly connected, IRS, UBIT, unrelated activity