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Entering Form 990 Net Investment Income in ProConnect Tax

by ProConnect Tax Online Updated 7 months ago

To enter investment income for an exempt organization (990) return:

  1. From the Input Return tab, go to Revenue  Investment Income.
  2. Under the Other Investment Income section, enter the Description
  3. Enter the amount in Related or exempt function income

To enter investment income to flow to the 990-T:

  1. From the Input Return tab, go to Revenue  Investment Income.
  2. Scroll to the Unrelated Business Income section.
  3. In the Business code (MANDATORY for Form 990-T) drop down input, select the applicable business code.
  4. Make an entry in Select the additional Schedule A (990-T) activity, if applicable.
  5. Enter the Amount.
ProConnect Tax

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