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Screen Sale - Sale of Non-Inventory Assets (990)

General Information

Treatment
The code in this box controls where the information appears on Form 4797 or Schedule D. Enter these codes directly or select them from the box. You can override the code that defaults.
Disposition due to casualty or theft
Enter
X
 if the gain is reportable on Form 4684, Section B, line 33. This box applies only when you enter code
3
 in the
Force
 box.
Casualty or theft gain postponed
Enter the amount of postponed gain if the asset was disposed of by casualty or theft, and the cost of the replacement property is less than the amount of insurance proceeds.

Sale Information

If you are filing this return electronically, the IRS Publication 5078 does not accept "Various" in the
Date acquired
 or
Date sold
 boxes. If the sale appears in Part I or II, the IRS accepts "Inherit" in the
Date acquired
 box. Enter a valid date in the
Date sold
 box or the return will be rejected.
Depreciation allowed or allowable
Indicate the depreciation allowed or allowable for the asset that was sold. If this box is blank, the sale may not appear on Form 4797.

Income Classification Information

Use this section to enter additional information for Forms 990, 990-EZ, 990-T, and 990-PF.
Method of acquisition
Select the appropriate method of acquisition. If this box is blank, the default on Form 990-PF, Page 3, Part IV is Purchase.
Unrelated business activity
Enter data for Form 990, 990-EZ, 990-T, or 990-PF. If this sale generated unrelated business income, you should mark this box. If this box is blank, the sale information does not appear on Form 4797.
Exclusion code
Enter data for Form 990, 990-EZ, 990-T, or 990-PF. If the sale is excluded by section 512, 513, or 514, enter the appropriate exclusion code.
Exempt purpose information
If the sale is related to the organization’s exempt purpose or excluded other than by section 512, 513, or 514, enter a description to explain the relationship of the income to the accomplishment of the organization’s exempt purpose. This information displays on Form 990-PF, Part XVI-B.
Investment property
Enter
X
 if the asset sold was an investment property. If you mark this box, and if the sale is not part of unrelated business income, this information is in the calculation of Form 990-PF, Part IV.
Basis at date of disposition
Enter the basis at date of disposition if it is different from the basis calculated from the data you enter in the Sale Information section of this screen. The amount you enter here is in the calculation on Form 990-PF, Page 3, Part IV.
Fair market value as of 12/31/69
If the private foundation owned the asset on December 31, 1969, enter the fair market value of the property on that date. Form 990-PF, Part IV uses this information.
Adjusted basis as of 12/31/69
If the private foundation owned the asset on December 31, 1969, enter the adjusted basis of the property on that date. Form 990-PF, Part IV uses this information.
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