 | United States. Internal Revenue Service - 1970 - 744 pages
...income from debt-financed property, which is unrelated to their exempt function, is to be subject to tax in the proportion in which the property is financed by the debt. In general, these amendments are applicable for taxable years beginning after Dec. 31, 1969. (Section... | |
 | United States. Congress. Joint Committee on Internal Revenue Taxation - 1976 - 104 pages
...income from '"debt-financed property" which is unrelated to its exempt function, is to be subject to tax in the proportion in which the property is financed by the debt. In general, debt-financed property is defined as "any property which is held to produce income and... | |
 | 1983 - 44 pages
...debt-financed property (unless the use of the property itself is substantially related to the organization's exempt function) is subject to the unrelated business...(sec. 514). Debt-financed property means all property (including rental real estate, tangible personal property, and corporate stock) that is held to produce... | |
 | United States. Congress. Joint Committee on Taxation - 1987 - 28 pages
...organization derived from debt-financed property, if unrelated to exempt functions, is subject to the tax in the proportion in which the property is financed by the debt (see F, below). Subsequent legislation While the Congress has not engaged in an overall reexamination... | |
 | Bruce R. Hopkins, Jody Blazek - 2004 - 650 pages
...income derived from an unrelated trade or business — an amount of income from the property, subject to tax in the proportion in which the property is financed by the debt. Basically, deductions are allowed with respect to each debt-financed property in the same proportion.164... | |
 | Bruce R. Hopkins - 2005 - 816 pages
...income derived from an unrelated trade or business — an amount of income from the property, subject to tax in the proportion in which the property is financed by the debt.28 The term debtfinanced property means (with certain exceptions) all property held to produce... | |
 | Bruce R. Hopkins - 2006 - 383 pages
...income derived from an unrelated trade or business) an amount of income from the property, subject to tax in the proportion in which the property is financed by the debt.6 Basically, deductions are allowed with respect to each debt-financed property in the same proportion.7... | |
 | United States. Congress. Senate. Committee on Finance - 1969 - 1204 pages
...from "debt-financed" property, which is unrelated to their charitable function, is to be subject to tax in the proportion in which the property is financed by the debt. Thus, for example, if a business or investment property is acquired subject to an 80 percent mortgage,... | |
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... with respect to each debt-financed property that is unrelated to the organization's exempt function — as an item of gross income derived from an unrelated trade or business — an amount of income from the property, subject to tax in the proportion... 