Skip to main content

Legal

Tax & Accounting

Trade & Supply

Risk & Fraud

News & Media

Books

Developers

Federal input screens

Screen Exp-2 - Functional Expenses Continued (990)

Overview

Use this screen to enter expenses that are not directly related to a specific income type or event. Enter expenses that directly relate to an operation or rental activity in Screen Event-3, Event-4, or Rent-2.

Depreciation, Depletion, and Amortization

Use this section to enter indirect expenses paid by the organization.
Depreciation
In the statement box, enter percentages for the functional split of depreciation for assets entered as indirect expenses. If there are assets entered in the asset module but no percentages entered in the
M & G Percentage
 and
Fundraising Percentage
 columns in the statement, UltraTax CS defaults 100 percent to program services, which is adjusted as percentages are entered.
  • Non-investment property appears on Form 990, Part IX, line 22.
  • Investment property appears on Form 990, Part IX, line 24. To indicate that an asset is investment property: Open the Asset tab, open the asset, go to the Other tab and select
    990 investment property
    .
Amortization
Enter percentages for the functional split of amortization for assets as indirect expenses. If there are assets entered in the asset module but no percentages entered in the
M & G Percentage
 and
Fund Percentage
 columns in the statement, UltraTax CS defaults 100 percent to program service, which is adjusted as percentages are entered.

Allocation of Other Expenses by Income Type

Joint costs
If joint costs are reported from a combined educational campaign and fundraising solicitation in the indirect expenses boxes, enter the amount of the joint costs that are in the
Program Services
,
Mgt and General
, and
Fundraising
 columns.
Chat now

error-icon

Triva isn't available right now.

Check out the support page for our phone number and hours

error-close