Instructions For Schedule R (Form 990) - 2016 (Page 7 of 7) in pdf

country in which the unrelated partnership

(Form 1065) for the partnership's tax year

within the filing organization's tax year. If

is organized (the state or foreign country

ending with or within the filing

no Code V amount is listed in box 20,

whose law governs the unrelated

organization's tax year (total of

enter “N/A.”

partnership's internal affairs).

Schedule K-1, Part III, lines 1 through 11

If the organization has reason to

and line 18, tax-exempt income).

Column (d). Predominant income.

believe that the stated amount in

TIP

Classify the predominant type of income

Column (g). Share of end-of-year as-

box 20 is incorrect, it should

as:

sets. Enter the dollar amount of the filing

consult with the partnership. The stated

Related;

organization's distributive share of the

amount in box 20 isn't controlling with

Unrelated; or

unrelated partnership's total assets, in

respect to the organization's unrelated

Excluded from tax under section 512,

accordance with the filing organization's

business income tax liability.

513, or 514.

capital interest as specified by the

Column (j). General or managing part-

partnership or LLC agreement, as of the

In other words, enter one of the three

ner. Check “Yes” if the filing organization

end of the unrelated partnership's tax

types of income listed above that is more

was at any time during its tax year a

year ending with or within the filing

prevalent than the others. For

general partner of an unrelated limited

organization's tax year. Use the ending

classification purposes, use the definitions

partnership, or a managing partner or

capital account reported on Schedule K-1

set forth in the instructions to the

managing member of an unrelated general

(Form 1065) for the year ending with or

Statement of Revenue in Form 990, Part

partnership, LLC, or other entity taxable as

within the filing organization's tax year.

VIII, columns (B), (C), and (D).

a partnership. Otherwise, check “No.”

Column (h). Disproportionate alloca-

Column (e). Section 501(c)(3) part-

Column (k). Percentage ownership.

tions. Check “Yes” if the interest of the

ners. Check “Yes” if all the partners of the

Enter the filing organization's percentage

filing organization as a partner of the

unrelated partnership (or members of the

interest in the profits or in the capital of the

partnership (or as a member of the LLC) in

LLC) are section 501(c)(3) organizations

related partnership, whichever is greater.

any item of income, gain, loss, deduction,

or governmental units (or wholly-owned

or credit, or any right to distributions was

subsidiaries of either). Otherwise, check

Part VII. Supplemental

disproportionate to the organization's

“No.”

investment in such partnership or LLC at

Information

Column (f). Share of total income.

any time during the filing organization's

Use Part VII if the organization needs

Enter the dollar amount of the filing

tax year. Otherwise, check “No.”

space to provide additional information in

organization's distributive share of the

Column (i). Code V—UBI amount in

response to questions in Schedule R

related partnership's total income, in

box 20 of Schedule K-1 (Form 1065).

(Form 990). In Part VII, identify the specific

accordance with the organization's profits

Enter the dollar amount, if any, listed as

part and line number that each response

interest as specified by the partnership or

the Code V amount (unrelated business

supports, in the order in which those parts

LLC agreement, for the related

taxable income) in box 20 of

and lines appear on Schedule R (Form

partnership's tax year ending with or

Schedule K-1 (Form 1065) received from

990). Part VII can be duplicated if more

within the filing organization's tax year.

the unrelated partnership for the

space is needed.

Use the total amount reported by the

partnership's tax year ending with or

related partnership on Schedule K-1

2017 Instructions for Schedule R (Form 990)

-7-

Instructions For Schedule R (Form 990) - 2016 Page 7

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