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Answering Form 990 Part IV Question 12a Yes and Generating Schedule D Parts XI and XII in Lacerte
by Intuit• Updated 1 year ago
On Form 990, Page 3, in Part IV Checklist of Required Schedules, I need to mark Question 12a Yes and fill out Schedule D, Parts XI and XII. How do I do that?
To mark the box "Yes" for Question 12a:
- Go to Screen 50.1, Balance Sheet
- Scroll to the section Supplemental Financial (Schedule D)
- Mark the box Separate, independent audited financial statements prepared according to GAAP
To generate Form 990 Schedule D, Parts XI, and XII, as Question 12a requires:
- Go to Screen 51.5, Reconciliations (990)
- Scroll to the section Reconciliation of Revenue Per Audited F/S With Revenue Per Return (Schedule D, Part XI).
- Enter any applicable information in the fields provided.
- Scroll to the section Reconciliation of Expenses Per Audited F/S With Expenses Per Return (Schedule D, Part XII).
- Enter any applicable information in the fields provided.