ProConnect HelpIntuit HelpIntuit

Entering capital gain dispositions on Form 990, 990-PF, and 990-T in Lacerte

SOLVEDby IntuitLacerte Tax14Updated March 22, 2022

To enter capital gain distribution income for an exempt organization on Form 990, 990-PF, or 990-T:

  1. Go to Screen 24, Dispositions.
  2. Select the button labeled Misc (C/O, CGD, etc).
  3. Under section Schedule D in the subsection, Capital Gain Distributions (1099-DIV), enter your capital gain dispositions in one of the following fields:
    • Unrelated business income (2a)
    • Excluded (2a)
    • Related or exempt function (2a)

In most cases cryptocurrency or virtual currency is reported on the tax return in the same manner as property such as stock or other capital gains or losses. See Frequently Asked Questions on Virtual Currency Transactions for the IRS guidelines.

Was this helpful?

You must sign in to vote, reply, or post
Lacerte Tax

Sign in for the best experience

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