varga-edmund
Level 1
‎12-07-2019 06:52 AM
 
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abctax55
Level 15
‎12-07-2019 06:52 AM

What tax did the non-profit actually pay? UBIT?  Federal or State?

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varga-edmund
Level 1
‎12-07-2019 06:52 AM
I paid 990T Exempt Org Business Income Tax, can I deduct this as an expense?
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IRonMaN
Level 15
‎12-07-2019 06:52 AM
It will show up as an expense item on the 990 itself, but you can't deduct prior year federal taxes on a 990T.

Slava Ukraini!
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sjrcpa
Level 15
‎12-07-2019 06:52 AM
:+1::+1:

Ex-AllStar
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