Instructions For Form 990-Pf - Return Of Private Foundation Or Section 4947(A)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Internal Revenue Service - 2004 Page 13
ADVERTISEMENT
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30In column (b). Enter the amount of
Line 6b — Gross sales price for all
including those sold in the course of
assets on line 6a. Enter the gross sales
interest income shown in column (a). Do
special events and activities. These
price from all asset sales whose net gain
not include interest on tax-exempt
inventory items are the ones the
or loss was reported on line 6a.
government obligations.
organization either makes to sell to others
or buys for resale.
Line 7 — Capital gain net income. Enter
In column (c). Enter the amount of
the capital gain net income from Part IV,
Do not report any sales or exchanges
interest income shown in column (a).
line 2. See Part IV instructions.
of investments on line 10.
Include interest on tax-exempt
government obligations.
Line 8 — Net short-term capital gain.
Do not include any profit or (loss) from
the sale of capital items such as
Line 4 — Dividends and interest from
Only private operating foundations
securities, land, buildings, or equipment
securities.
TIP
report their short-term capital
on line 10. Enter these amounts on
gains on line 8.
In column (a). Enter the amount of
line 6a.
dividend and interest income from
Include only net short-term capital gain
Do not include any business expenses
securities (stocks and bonds) of the type
for the year (assets sold or exchanged
such as salaries, taxes, rent, etc., on line
reportable in Balance Sheets, Part II, line
that were held not more than 1 year). Do
10. Include them on lines 13 – 23.
10. Include amounts received from
not include a net long-term capital gain or
Attach a schedule showing the
payments on securities loans, as defined
a net loss in column (c).
in section 512(a)(5). Do not include any
following items: Gross sales, Cost of
Do not include on line 8 a net gain
capital gain dividends reportable on line
goods sold, Gross profit or (loss). These
from the sale or exchange of depreciable
items should be classified according to
6. Report income from program-related
property, or land used in a trade or
investments on line 11. For debt
type of inventory sold (such as books,
business (section 1231) and held for
tapes, other educational or religious
instruments with an original issue
more than 1 year. However, include a net
material, etc.). The totals from the
discount, report the original issue
loss from such property on line 23 as an
discount ratably over the life of the bond
schedule should agree with the entries on
Other expense.
lines 10a – 10c.
on line 4. See section 1272 for more
information.
In general, organizations may carry to
In column (c), enter the gross profit or
line 8 the net short-term capital gain
(loss) from sales of inventory shown in
In column (b). Enter the amount of
reported on Part IV, line 3. However, if the
column (a), line 10c.
dividend and interest income, and
foundation had any short-term capital
payments on securities loans from
Line 11 — Other income. Enter the total
gain from sales of debt-financed property,
column (a). Do not include interest on
of all the foundation’s other income for the
add it to the amount reported on Part IV,
tax-exempt government obligations.
year. Attach a schedule that gives a
line 3, to figure the amount to include on
description and the amount of the income.
In column (c). Enter the amount of
line 8. For the definition of “debt-financed
Include all income not reported on lines 1
dividends and interest income, and
property,” see the Instructions for Form
through 10c. Also, see the instructions for
payments on securities loans from
990-T.
Part XVI-A, line 11.
column (a). Include interest on
Line 9 — Income modifications. Include
tax-exempt government obligations.
Include imputed interest on certain
on this line:
deferred payments figured under section
Line 5a — Gross rents.
1. Amounts received or accrued as
483 and any investment income not
In column (a). Enter the gross rental
repayments of amounts taken into
reportable on lines 3 through 5, including
income for the year from investment
account as qualifying distributions;
income from program-related investments
property reportable on line 11 of Part II.
2. Amounts received or accrued from
(defined in the instructions for Part IX-B).
the sale or other disposition of property to
In columns (b) and (c). Enter the
Do not include unrealized gains and
the extent that the acquisition of the
gross rental income from column (a).
losses on investments carried at market
property was considered a qualifying
value. Report those as fund balance or
Line 5b — Net rental income or (loss).
distribution for any tax year;
net asset adjustments in Part III.
Figure the net rental income or (loss) for
3. Any amount set aside for a specific
the year and enter that amount on the
In column (b). Enter the amount of
project (see explanation in the
entry line to the left of column (a).
investment income included in line 11,
instructions for Part XII) that was not
column (a). Include dividends, interest,
Report rents from other sources on
necessary for the purposes for which it
rents, and royalties derived from assets
line 11, Other income. Enter any
was set aside;
devoted to charitable activities, such as
expenses attributable to the rental income
4. Income received from an estate,
interest on student loans.
reported on line 5, such as interest and
but only if the estate was considered
In column (c). Include all other items
depreciation, on lines 13 – 23.
terminated for income tax purposes due
includible in adjusted net income not
to a prolonged administration period; and
Line 6a — Net gain or (loss) from sale
covered elsewhere in column (c).
5. Amounts treated in an earlier tax
of assets. Enter the net gain or (loss) per
year as qualifying distributions to:
Line 12 — Total. In column (b).
books from all asset sales not included on
•
Domestic organizations should enter the
line 10.
A nonoperating private foundation, if
total of lines 3 – 11. Exempt foreign
the amounts were not redistributed by the
For assets sold and not included in
organizations, enter the total of lines 3, 4,
grantee organization by the close of its
Part IV, attach a schedule showing:
5, and 11 only.
•
tax year following the year in which it
Date acquired,
•
Line 13 — Compensation of officers,
received the funds, or
Manner of acquisition,
•
directors, trustees, etc.
•
An organization controlled by the
Gross sales price,
•
distributing foundation or a disqualified
In column (a). Enter the total
Cost, other basis, or value at time of
person if the amounts were not
compensation for the year of all officers,
acquisition (if donated) and which of
redistributed by the grantee organization
directors, and trustees. If none was paid,
these methods was used,
•
by the close of its tax year following the
enter zero. Complete line 1 of Part VIII to
Date sold,
•
year in which it received the funds.
show the compensation of officers,
To whom sold,
•
directors, trustees, and foundation
Expense of sale and cost of
Lines 10a, b, c — Gross profit from
managers.
improvements made subsequent to
sales of inventory. Enter the gross
acquisition, and
sales (less returns and allowances), cost
In columns (b), (c), and (d). Enter
•
Depreciation since acquisition (if
of goods sold, and gross profit or (loss)
the portion of the compensation included
depreciable property).
from the sale of all inventory items,
in column (a) that is applicable to the
-13-
Form 990-PF Instructions
ADVERTISEMENT
0 votes
Related Articles
Related forms
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation -
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Internal Revenue Service - 2010
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Internal Revenue Service - 2009
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Internal Revenue Service - 2007
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Internal Revenue Service - 2008
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - Internal Revenue Service - 2003
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - 2001
Financial
Instructions For Form 990-pf - Return Of Private Foundation Or Section 4947(a)(1) Nonexempt Charitable Trust Treated As A Private Foundation - 2017
Financial
Related Categories
Parent category: Financial