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- 990 Sch A Part II Section A Public Support line 5 entry how to exclude private foundations
990 Sch A Part II Section A Public Support line 5 entry how to exclude private foundations
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LSTAX
Level 4
08-24-2020
04:11 PM
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Line 5 (f) is for the total contributions by each person (other than a governmental unit or publicly supported organization) included in line 1 that exceeds 2% of the amount shown on line 11, column(f).
How do you enter private foundation support received into Lacerte so that it gets included on line 1, has the amount that exceeds 2% included on line 5 and is therefore subtracted from the total public support on line 6?
-Update - in this client file there are no contributors under ID of excess contributions on screen 52.4 so no contributions over the 2% are showing regardless of being an individual or a private foundation. Do you need to create a link for each contributor? Doesn't Lacerte populate this automatically?
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