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Screen 990T-2 - Unrelated Business Income Payments, Credits, Statements

Credits

Foreign tax credit
This amount comes from Form 1116 (if a trust) or Form 1118 (if a corporation). Both forms are available as NonCalculating.
Other: American Samoa development credit
This amount comes from Form 5735. The form is available as NonCalculating.
Other: Qualified electric vehicle credit
This amount comes from Form 8834. The form is available as NonCalculating.
Other: Holders of tax bonds credit
This amount comes from Form 8912. The form is available as NonCalculating.
General business credit
This amount comes from Form 3800. The form is available as NonCalculating.
Prior year minimum tax credit
This amount comes from Form 8801 (if a trust) or from Form 8827 (if a corporation). Both forms are available as NonCalculating.

Taxes

Recaptured and other taxes (Line 47)
Examples of items you might enter here include the recapture of qualified electrical (QEV) credit; tax and interest on non-qualified withdrawal from a capital construction fund; interest on deferred tax attributable to installment sales, certain timeshares, and residential lots; and non-dealer installment obligations.
Other tax (Line 48)
You may also use the statement dialog to
subtract
 from the total tax calculated, or for any deferred tax on the corporation’s share of undistributed earnings of a qualified electing fund from Form 8621, Part II.

Statements Regarding Activities

Country if interest / authority over foreign account
Enter the name of the foreign country if: the organization had an interest in or signature or other authority over a financial account in a foreign country; the combined value of the accounts was more than $10,000 at any time during the year; and the accounts were not with a U.S. military banking facility operated by a U.S. financial institution.
Received distribution from, was grantor of, or transferor to, a foreign trust
Enter
X
 to indicate that: the organization directly or indirectly transferred money or property to a foreign trust; the organization is treated as the owner of any part of the assets of a foreign trust under the grantor trust rules; or the organization received a distribution from a foreign trust.
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