Reporting passthrough income on Form 990T in Lacerte

This article can help you enter K-1 information in the Exempt Organization module.

In the Exempt Organization module, there's no specific screen to enter income reported to the organization from a K-1. Income and expenses reported on Schedule K-1 may be entered on different screens, based on the kind of income or expense and how it should be reported on Form 990, 990-PF, or 990-T.

Examples of the screens that can be used:

• Screen 20, Other Revenue
• Screen 22, Rental Income
• Screen 23, Investment Income
• Screen 24, Dispositions
• Screen 27, Passthroughs Income (990-T)
• Screen 37, Unrelated Business (990-T)

This list doesn't cover every screen where income or expenses can be reported. It's up to the preparer to determine where on the return they want to report amounts from a K-1.