Calculate Form 990-T
- Go to theActivTscreen in the990-T Activitiesfolder.
- Enter an unrelated business code for at least 1 activity.
- Take either of the following steps to select an unrelated business activity code for at least 1 income item:
- Go to theIncomeorIncomePFscreen and select the unrelated business code in the statement box for the income item.
- Go to theEvent,EvenPF, orRentscreen and select the code in theUnrelated business activityfield for the activity.
The form will calculate if the sum of all unrelated income amounts (Form 990-T, Part 1, Line 1) is:
- Greater than or equal to $1,000.
- The current-year overpayment (Form 990-T, Part III, Line 10) is at least $1.
If these conditions aren't met, the form won't calculate, but if you need the form to print, you can force it.
note
The form will also calculate in the following situations:
- Proxy tax is due on Form 990-T, Part IV related to lobbying activities (section 501(c)(4), 501(c)(5), or 501(c)(6) organizations).
- A claim of refund due to backup withholding is withheld in error and the amount of withholding is entered on the990Tscreen.
- For employee-provided fringe benefits subject to tax (according to Tax Cuts and Job Act legislation, December 2017) Line 34 will complete based on the990Tscreen and prints Form 990-T.
Refer to the 990-T instructions for more information.
