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Common questions about 990, 990EZ or 990PF Schedule B Contributions Gifts and Grants in Lacerte

SOLVEDby IntuitLacerte Tax3Updated 1 month ago

The following articles are frequently asked questions regarding -  Form 990, 990EZ, or 990PF - Schedule B, Contributions, Gifts, and Grants:

  1. Open Screen 16, Contributions, Gifts, and Grants.
  2. Enter total cash and non-cash support amounts.
  3. In the Gifts, Grants list, select Schedule of Contributors.
  4. Enter each contributor's information.
  1. Open Screen 16, Contributions, Gifts, and Grants.
  2. In the Gifts, Grants list, select Schedule of Contributors.
  3. Enter each contributor's information.
  4. Open Screen 52, Charity Status & Support.
  5. Select the check box by either Organization is Operated for the Benefit of a College or University Owned or Operated by a Governmental Unit, Organization is One that Normally Receives a Substantial Part of its Support from a Governmental Unit or from the General Public, or Organization is a Community Trust.

Note: The program automatically calculates Special Rule when you enter information in Screens 16, Schedule of Contributors and Screen 52, Charity Status & Support

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