ProConnect HelpIntuit HelpIntuit

Entering section 512, 513, or 514 exclusions for 990's in ProConnect Tax

by Intuit Updated 8 months ago

To enter income excluded under Sections 512, 513, or 514:

  1. From the Input Return tab, go to Revenue  Program Service Revenue.
  2. Enter a description.
    • The description prints on Form 990, Part VIII, Line 2 or Form 990-PF, Part XVI-A, Line 1.
  3. In the Unrelated Business Income section, enter a Business code (MANDATORY for Form 990-T) and any program service revenue received from unrelated business activities in the Amount field.
    • The amount prints on Form 990, Part VIII, Column (C) or Form 990-PF, Part XVI-A, Column (B).
  4. In the Excluded by 512, 513, 514 section, enter an Exclusion code and Amount to identify any program service revenue excludable from unrelated business taxable income.
    • The amount entered prints on Form 990, Part VIII, Line 2, Column (D) or Form 990-PF, Part XVI-A, Line 1, Column (D).
ProConnect Tax

Sign in now for personalized help

Ask questions, get answers, and join our large community of Intuit Accountants users.

Dynamic AdsDynamic Ads