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This article applies to:

  • Product: UltraTax CS
  • Return type: 990 Exempt Organization

Enter unrelated business income and expenses for clients' event activity

  1. Select
    File
    ,
    Open
    , then choose the client.
  2. Select the
    Direct
     folder, then the
    Event (990E)
     or
    EventPF (990PF)
     screen.
    note
    If you don't enter a number in
    Unit
    , the information doesn't transfer to the return.
  3. In the
    Description
     field, enter a description of the activity.
  4. In the General Information section, enter the following information.
    1. In
      Type of income
      , enter a code to describe the income.
    2. In
      Unrelated business code
      , enter a code to describe the income.
    note
    The information doesn't appear on the 990-T return if you don't enter a code in
    Unrelated business code
    .
  5. In the Form 990-T Information section, enter a code in
    Form 990-T code
     if you want the information to appear in one of the schedules on Form 990-T.
    note
    If you don't enter a code, the information is reported on Form 990-T, Page 1. This section only applies if you enter an unrelated business code in the General Information section on the
    Event (990E)
     or
    EventPF (990PF)
     screen.
  6. Enter the information needed to complete the schedules on Form 990-T in the following sections:
    • Schedule E — Unrelated Debt-Financed Income.
    • Schedule F — Controlled Organizations.
    • Investment, Exploited Activities, and Advertising Income section (990E).
    • Exploited Activities and Advertising Income section (990PF).
  7. Select the
    Event-2
    ,
    Event-3
    , or
    Event-4
     screen tab (990E) or
    Even-2PF
     screen tab (990PF).
  8. In the Income section on the
    Event-2 (990E)
     or
    Even-2PF (990PF)
     screen, enter gross receipts, advertising income, circulation income, other income, returns and allowances, and contributions received.
  9. In the Cost of Goods Sold section in the
    Event-2 (990E)
     or
    Even-2PF (990PF)
     screen, enter inventory information for the unrelated business activity.
  10. In the Directly Related Expenses section on the
    Event-3
     and
    Event-4 (990E)
    , or the Even-
    2PF (990PF)
     screen, enter expenses in the input screen or in the statement windows.

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