Exempt Org Inputs for Form 990-T, Schedule A Advertising income in Lacerte

Exempt Org Inputs for Form 990-T, Schedule A, Advertising income in Lacerte

Items listed in order of entry

1. Name of Periodical
2. Advertising Income (Part IX) Screen 32; Code 800
   • Enter the name of the periodical to print on Schedule A, Part IX, line 1.
3. Select the Schedule A (990-T) activity
   • Advertising Income (Part IX) Screen 32; Code 99
     • Select the business activity if there is more than one Schedule A activity. The activity is set up in the input screen Unrelated Business Additional Activities (990-T Sch. A)
       • If the organization has more than one unrelated trade or business activity, it must compute unrelated business taxable income (UBTI), including for purposes of determining any net operating loss deduction, separately with respect to any such trade or business; shall not be less than zero when computing total UBTI.
4. 1=Income Reported On consolidated basis, 2= separate basis
   • Advertising Income (Part IX) Screen 32; Code 1
   • Enter 1 if the advertising income is reported on a consolidated basis; enter 2 if on a separate basis. The program uses this entry to complete Schedule A, Part IX.
5. Gross Advertising Income
   • Advertising Income (Part IX) Screen 32; Code 2
   • Enter the gross advertising income from the periodical to print on Schedule A, Part IX, line 2.
6. Direct Advertising Costs
   • Advertising Income (Part IX) Screen 32; Code 3
   • Enter any direct advertising costs from the periodical to print on Schedule A, Part IX, line 3.
7. Readership Costs
   • Advertising Income (Part IX) Screen 32; Code 5
   • Enter any readership costs incurred from the periodical. The amount prints on Schedule A, Part IX, line 5.
8. Circulation Income
   • Circulation Income (Part IX) Screen 32; Code 4
   • Enter any circulation income from the periodical to print on Schedule A Part IX
     

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