Form 990-T — Unrelated business activities
Unrelated business activities can be grouped and taxed in separate streams as needed. In 990 returns, all income and expense amounts print on Form 990, 990-EZ, or 990-PF. Only amounts classified as unrelated business activity income print on Form 990-T. This is a result of the 2017 Tax Cuts and Jobs Act (TCJA).
Screens Income and IncomePF
To enter unrelated business income on the
Income
and IncomePF
screens, open a statement window and select a code in the Unrelated Business
column. This will be reported on Form 990-T and Form 990, Part VIII or Form 990-PF, Part XVI-A.Screens Event, EvenPF, and Rent
To assign unrelated business activities to the
Event
, EvenPF
, and Rent
screens, select a code from the Unrelated business activity
. At that point, all income and expenses entered on the screen are considered unrelated business income. This is reported on Form 990-T and Form 990, Part VIII or Form 990-PF, Part XVI-ASales and like-kind exchanges
To classify sales or like-kind exchanges as unrelated business income:
- For dispositions entered in the asset screen, go to theIncome Classificationsscreen, theDisposaltab, then mark the sale asUnrelated Business Activity.
- For sales entered on theSchDscreen, open theDetail schedulestatement and select an unrelated business activity in theUBITcolumn.
Sale information is calculated on Form 4797 or Form 8824 before printing on Form 990-T.
Form 990-T code
If you enter an unrelated business activity code, but not a Form 990-T code, the information prints on Form 990-T, Page 1, but not on any of the schedules on Form 990-T, Pages 3, 4, or 5.
