{"abstract":"This document contains final regulations that provide guidance on how an exempt organization subject to the unrelated business income tax determines if it has more than one unrelated trade or business, and, if so, how the exempt organization calculates unrelated business taxable income. The final regulations also clarify that the definition of \"unrelated trade or business\" applies to individual retirement accounts. Additionally, the final regulations provide that inclusions of \"subpart F income\" and \"global intangible low-taxed income\" are treated in the same manner as dividends for purposes of determining unrelated business taxable income. The final regulations affect exempt organizations that are subject to the unrelated business income tax.","action":"Final rule.","agencies":[{"raw_name":"DEPARTMENT OF THE TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Internal Revenue Service","name":"Internal Revenue Service","id":254,"url":"https://www.federalregister.gov/agencies/internal-revenue-service","json_url":"https://www.federalregister.gov/api/v1/agencies/254","parent_id":497,"slug":"internal-revenue-service"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2020/12/02/2020-25954.html","cfr_references":[{"chapter":null,"citation_url":null,"part":1,"title":26},{"chapter":null,"citation_url":null,"part":602,"title":26}],"citation":"85 FR 77952","comment_url":null,"comments_close_on":null,"correction_of":null,"corrections":[],"dates":"Effective date: The final regulations are effective on December 2, 2020.","disposition_notes":null,"docket_ids":["TD 9933"],"dockets":[],"document_number":"2020-25954","effective_on":"2020-12-02","end_page":77984,"executive_order_notes":null,"executive_order_number":null,"explanation":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2020/12/02/2020-25954.xml","html_url":"https://www.federalregister.gov/documents/2020/12/02/2020-25954/unrelated-business-taxable-income-separately-computed-for-each-trade-or-business","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2020-25954?publication_date=2020-12-02","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2020-12-02/2020-25954/mods.xml","not_received_for_publication":null,"page_length":33,"page_views":{"count":4063,"last_updated":"2026-04-04 20:15:04 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-12-02/pdf/2020-25954.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-25954.pdf?1606770922","publication_date":"2020-12-02","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2020/12/02/2020-25954.txt","regulation_id_number_info":{"1545-BO79":{"issue":"202010","html_url":"https://www.federalregister.gov/regulations/1545-BO79/unrelated-business-taxable-income-separately-computed-for-each-trade-or-business-activity","title":"Unrelated Business Taxable Income Separately Computed for Each Trade or Business Activity","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202010&RIN=1545-BO79&operation=OPERATION_EXPORT_XML","priority_category":"Other Significant"}},"regulation_id_numbers":["1545-BO79"],"regulations_dot_gov_info":{"supporting_documents":[],"regulatory_plan":{"html_url":"https://www.federalregister.gov/regulations/1545-BO79/unrelated-business-taxable-income-separately-computed-for-each-trade-or-business-activity","title":"Unrelated Business Taxable Income Separately Computed for Each Trade or Business Activity"},"comments_count":0,"agency_id":"IRS","comments_url":"https://www.regulations.gov/docketBrowser?rpp=50&so=DESC&sb=postedDate&po=0&dct=PS&D=IRS-2020-0006","supporting_documents_count":0,"docket_id":"IRS-2020-0006","document_id":"IRS-2020-0006-0021","regulation_id_number":"1545-BO79","title":"Unrelated Business Taxable Income Separately Computed for Each Trade or Business (REG-106864-18)","checked_regulationsdotgov_at":"2020-12-04T04:30:12Z"},"regulations_dot_gov_url":null,"significant":true,"signing_date":null,"start_page":77952,"subtype":null,"title":"Unrelated Business Taxable Income Separately Computed for Each Trade or Business","toc_doc":"Unrelated Business Taxable Income Separately Computed for Each Trade or Business","toc_subject":null,"topics":["Income taxes","Reporting and recordkeeping requirements"],"type":"Rule","volume":85}