Skip to main content

Legal

Tax & Accounting

Trade & Supply

Risk & Fraud

News & Media

Books

Developers

Federal input screens

Screen Dist - Individuals, Activities, Investments, Distributions (990)

Form 990-PF, Part VIII

Compensation of five highest paid independent contractors
You may enter more than five items in the statement but only five print on Form 990-PF, Part VIII and only those who received at least $50,000 in compensation.

Part X - Minimum Investment Return

Average monthly fair market value of securities
You may use any reasonable method to determine the average monthly fair market value of securities such as common and preferred stock, bonds, and mutual fund shares, as long as you consistently use that method throughout.
Average monthly cash balances
Include all cash balances and amounts that may be used for charitable purposes or set aside and taken as a qualifying distribution on Form 990-PF, Part XIII.
Reduction claimed for blockage or other factors
If you enter a description, the application will print a submittable statement. You'll have to attach the printed statement to the return to support the amount you entered.
Cash deemed held for charitable activities (Force)
Use this to force an amount other than the amount that automatically generates. If there are multiple description lines, enter the amount in the first line.

Part XI - Distributable Amount

Distributable amounts of income from the prior year are subject to tax if they remain undistributed in the current year. To avoid the tax, a foundation will have to make a qualifying distribution of the amount during the current year.
Recoveries of amounts treated as qualifying distributions
Enter recoveries of amounts treated as qualifying distributions for any year under IRC 4942(g), including the income portion of distributions from split-interest trusts on amounts placed in trust after May 26, 1969.
Deduction from distributable amount
If the foundation was organized before May 27, 1969 and is required by a governing instrument to accumulate income, enter the amount of income here. This amount is subtracted from the distributable amount.

Part XII - Qualifying Distributions

Qualifying distributions reduce the amount of distributable income. If the amount of distributable income is not completely offset by qualifying distributions, the remaining amount is considered undistributed income in the following year.
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close