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Enter unrelated business income and expenses for clients' event activity

  1. Select
    File
    ,
    Open
    , then choose the client.
  2. Select the
    Direct
     folder, then the
    Event (990E)
     or
    EventPF (990PF)
     screen.
  3. In the
    Description
     field, enter a description of the activity.
  4. In the General Information section, enter the following information.
    1. In
      Type of income
      , enter a code to describe the income.
    2. In
      Unrelated business code
      , enter a code to describe the income.
  5. In the Form 990-T Information section, enter a code in
    Form 990-T code
     if you want the information to appear in one of the schedules on Form 990-T.
  6. Enter the information needed to complete the schedules on Form 990-T in the following sections:
    • Schedule E — Unrelated Debt-Financed Income.
    • Schedule F — Controlled Organizations.
    • Investment, Exploited Activities, and Advertising Income section (990E).
    • Exploited Activities and Advertising Income section (990PF).
  7. Select the
    Event-2
    ,
    Event-3
    , or
    Event-4
     screen tab (990E) or
    Even-2PF
     screen tab (990PF).
  8. In the Income section on the
    Event-2 (990E)
     or
    Even-2PF (990PF)
     screen, enter gross receipts, advertising income, circulation income, other income, returns and allowances, and contributions received.
  9. In the Cost of Goods Sold section in the
    Event-2 (990E)
     or
    Even-2PF (990PF)
     screen, enter inventory information for the unrelated business activity.
  10. In the Directly Related Expenses section on the
    Event-3
     and
    Event-4 (990E)
    , or the Even-
    2PF (990PF)
     screen, enter expenses in the input screen or in the statement windows.
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