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Level 2
December 7, 2019
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My client received Form 990T . I am seeing this for the first time. Do I need to take any information from this and report on the individual return?

  • December 7, 2019
  • 3 replies
  • 16 views
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Best answer by abctax55

Actually, to answer the specific question asked:

No

3 replies

abctax55
abctax55Answer
Level 15
December 7, 2019

Actually, to answer the specific question asked:

No

HumanKind... Be Both
Level 2
December 7, 2019
Thanks
IRonMaN
Level 15
December 7, 2019
abctax55
Level 15
December 7, 2019
But why does anyone send out the whole friggin' form?  
We've had questions about getting K-1's invested in by the IRA's.  And questions about what to do with UBIT shown on K-1's.
NMI..
HumanKind... Be Both
abctax55
Level 15
December 7, 2019

A Not For Profit organization uses a F 990-T to report taxable income.

Are you sure that's the form your client received?

HumanKind... Be Both
Level 2
December 7, 2019
Yes my client received this.