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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-A

Sales and like-kind exchanges

To classify sales or like-kind exchanges as unrelated business income:
  • For dispositions entered in the asset screen, go to the
    Income Classifications
     screen, the
    Disposal
     tab, then mark the sale as
    Unrelated Business Activity
    .
  • For sales entered on the
    SchD
     screen, open the
    Detail schedule
     statement and select an unrelated business activity in the
    UBIT
     column.
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.

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