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previous page Previous Page: Publication 598 - Tax on Unrelated Business Income of Exempt Organizations - Partnership Income or Loss
next page Next Page: Publication 598 - Tax on Unrelated Business Income of Exempt Organizations - Special Rules for Foreign Organizations
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taxmap/pubs/p598-009.htm#en_us_publink100067580

S Corporation Income or Loss(p13)


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S Corporation Income or Loss

An organization that owns S corporation stock must take into account its share of the S corporation's income, deductions, or losses in figuring unrelated business taxable income, regardless of the actual source or nature of the income, deductions, and losses. For example, the organization's share of the S corporation's interest and dividend income will be taxable, even though interest and dividends are normally excluded from unrelated business taxable income. The organization must also take into account its gain or loss on the sale or other disposition of the S corporation stock in figuring unrelated business taxable income.
previous pagePrevious Page: Publication 598 - Tax on Unrelated Business Income of Exempt Organizations - Partnership Income or Loss
next pageNext Page: Publication 598 - Tax on Unrelated Business Income of Exempt Organizations - Special Rules for Foreign Organizations
 Use previous pagenext page to find additional occurrences of topic items.Index for this Publication