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Common questions about Form 990-PF operating and administrative expenses

by Lacerte Tax 2023 Updated 9 months ago

Below are solutions to frequently asked questions about entering Form 990-PF operating and administrative expenses in the Exempt Organization module of Lacerte.

  1. Go to Screen 43.3 Grants & Allocs. (990-EZ/990-PF).
  2. Enter the Donee/Recipient information.
  3. Select the appropriate Grant Type (Ctrl + T) from the dropdown menu.
  4. Enter either the Cash amount given, or complete the Noncash subsection.
  5. Locate the Form 990-PF, Part XV subsection.
  6. Check the box labeled Approved for future payment, if applicable.
  7. Select the applicable Foundation status of recipient from the dropdown menu.
    • This step is required.
  8. Hold down Ctrl+E in Purpose of grant or contribution (Ctrl+E) to enter the applicable information.
    • This step is required.
  9.  To enter more donees or recipients, click Add from the left navigation panel and repeat steps 2-8 for each item.

What to do if Part XV still isn't generating

  • Make sure the amounts are more than $5,000 in assets during the year. If the amounts aren't more than 5,000, Part XV won't generate.
  • Make sure you entered an amount on Screen 36, Operating & Administrative Exp. (990-PF) under Cont, gifts, grants paid (see Screen 43) [O].
  • Make sure you marked the Grant type (Ctrl-T) with corresponding entries in the Cash amount given or Noncash fields.
  1. Go to Screen 36 Operating & Admin. (990-PF).
  2. Scroll down to the Expenses section.
  3. Enter the amount of officer compensation you want to allocate in Other expenses (Ctrl+E).
    • This amount will flow to Form 990-PF, Part I, line 23 and will be included in the calculation of Form 990-PF, Part XVI-A, line 9 (Net income or (loss) from special events).
Lacerte Tax

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