Apply exceptions, exclusions, and deductions

Now that you know the basic UBI definition and the types of activities that might generate it, we will go over some exceptions, exclusions, and deductions you may be able to apply. Publication 598, Tax on Unrelated Business Income of Exempt Organizations, lists all of the excluded trade or business activities; click on the links below to learn more about the most common ones.  

• Volunteer workforce
• Convenience of members
• Sale of donated merchandise
• Distribution of low-cost articles
• Convention or trade show activity
• Sponsorship
• Traditional bingo