Screen ActivT – Unrelated Business Income Activity (990)

This is a multi-unit input screen. Additional activities can be added by using the tab option to add a unit, or choosing Edit, then Add a Unit. Activities no longer required may be deleted. If an activity is deleted, references to the activity will be rendered blank throughout the return.

General Information

Description
Enter a description for the activity. This can be seen when the unrelated business activity is selected throughout the system.
Unrelated business code
To get Form 990-T or Schedule M to calculate, the activity must have a business code and description. For business codes use the dropdown menu to find an activity code that describes the income.
note
Code
900001
can be used for business activities that need to be used by section 501(c)(7), (9), or (17) organizations to complete Schedule G using the Income screen instead of creating a directly related activity.
Activity lacks a profit motive
Mark this box if the activity does not qualify for carry-over loss. To designate all activities as lacking a profit motive or to prevent computation of activity loss on Form 990T, mark the similarly named box on Screen 990-T.

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