990-T Schedule A Unrelated Business Taxable Income From an Unrelated Trad

Note: The draft you are looking for begins on the next page.

Caution: DRAFT—NOT FOR FILING

This is an early release draft of an IRS tax form, instructions, or publication,
which the IRS is providing for your information. Do not file draft forms and do
not rely on draft forms, instructions, and pubs for filing. We incorporate all
significant changes to forms posted with this coversheet. However, unexpected
issues occasionally arise, or legislation is passed—in this case, we will post a
new draft of the form to alert users that changes were made to the previously
posted draft. Thus, there are never any changes to the last posted draft of a
form and the final revision of the form. Forms and instructions are subject to
OMB approval before they can be officially released, so we post drafts of them
until they are approved. Drafts of instructions and pubs usually have some
additional changes before their final release. Early release drafts are at
IRS.gov/DraftForms and remain there after the final release is posted at
IRS.gov/LatestForms. Also see IRS.gov/Forms.
Most forms and publications have a page on IRS.gov: IRS.gov/Form1040 for
Form 1040; IRS.gov/Pub501 for Pub. 501; IRS.gov/W4 for Form W-4; and
IRS.gov/ScheduleA for Schedule A (Form 1040), for example, and similarly for
other forms, pubs, and schedules for Form 1040. When typing in a link, type it
into the address bar of your browser, not a Search box on IRS.gov.
If you wish, you can submit comments to the IRS about draft or final forms,
instructions, or pubs at IRS.gov/FormsComments. Include “NTF” followed by the
form or pub number (for example, “NTF1040”, “NTFW4”, “NTF501, etc.) in the
body of the message to route your message properly. We cannot respond to all
comments due to the high volume we receive and may not be able to consider
many suggestions until the subsequent revision of the product, but we will
review each “NTF” message. If you have comments on reducing paperwork and
respondent (filer) burden, with respect to draft or final forms, please respond to
the relevant information collection through the Federal Register process; for
more info, click here.

SCHEDULE A
(Form 990-T)
Department of the Treasury
Internal Revenue Service

Unrelated Business Taxable Income
From an Unrelated Trade or Business

OMB No. 1545-0047

2023

Go to www.irs.gov/Form990T for instructions and the latest information.

Open to Public Inspection for

Do not enter SSN numbers on this form as it may be made public if your organization is a 501(c)(3). 501(c)(3) Organizations Only
A Name of the organization
B Employer identification number

TREASURY/IRS
AND OMB USE
ONLY DRAFT
October 18, 2023
DO NOT FILE

C Unrelated business activity code (see instructions)

.

.

.

.

.

D Sequence:

.

of

E Describe the unrelated trade or business

Part I
1a
b
2
3
4a

Unrelated Trade or Business Income

Gross receipts or sales
Less returns and allowances
Cost of goods sold (Part III, line 8) . . .
Gross profit. Subtract line 2 from line 1c .
Capital gain net income (attach Schedule
Form 1120)). See instructions . . . .

.
.
D
.

(A) Income

c Balance
. . . . .
. . . . .
(Form 1041 or
. . . . .

b Net gain (loss) (Form 4797) (attach Form 4797). See
instructions . . . . . . . . . . . . . . . .
c
5

Capital loss deduction for trusts . . . . . . . . .
Income (loss) from a partnership or an S corporation (attach
statement) . . . . . . . . . . . . . . . .

6
7
8

Rent income (Part IV) . . . . . . . . . . . . .
Unrelated debt-financed income (Part V)
. . . . . .
Interest, annuities, royalties, and rents from a controlled
organization (Part VI) . . . . . . . . . . . . .
Investment income of section 501(c)(7), (9), or (17)
organizations (Part VII) . . . . . . . . . . . .

9
10
11
12
13

Exploited exempt activity income (Part VIII) . .
Advertising income (Part IX) . . . . . . .
Other income (see instructions; attach statement)
Total. Combine lines 3 through 12
. . . .

Part II

.
.
.
.

.
.
.
.

.
.
.
.

.
.
.
.

(B) Expenses

(C) Net

1c
2
3

4a

4b
4c
5
6
7
8

9
10
11
12
13

Deductions Not Taken Elsewhere. See instructions for limitations on deductions. Deductions must be
directly connected with the unrelated business income.

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16

Compensation of officers, directors, and trustees (Part X) . . . . . . . . . . . . . .
Salaries and wages . . . . . . . . . . . . . . . . . . . . . . . . . .
Repairs and maintenance . . . . . . . . . . . . . . . . . . . . . . . .
Bad debts
. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Interest (attach statement). See instructions . . . . . . . . . . . . . . . . . .
Taxes and licenses . . . . . . . . . . . . . . . . . . . . . . . . . . .
Depreciation (attach Form 4562). See instructions . . . . . . . .
7
8a
Less depreciation claimed in Part III and elsewhere on return . . . . .
Depletion . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Contributions to deferred compensation plans
. . . . . . . . . . . . . . . . .
Employee benefit programs . . . . . . . . . . . . . . . . . . . . . . . .
Excess exempt expenses (Part VIII) . . . . . . . . . . . . . . . . . . . . .
Excess readership costs (Part IX) . . . . . . . . . . . . . . . . . . . . . .
Other deductions (attach statement) . . . . . . . . . . . . . . . . . . . . .
Total deductions. Add lines 1 through 14 . . . . . . . . . . . . . . . . . . .
Unrelated business income before net operating loss deduction. Subtract line 15 from Part I, line 13,
column (C) . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

17
18

Deduction for net operating loss. See instructions . . . . . .
Unrelated business taxable income. Subtract line 17 from line 16

For Paperwork Reduction Act Notice, see instructions.

.
.

.
.

.
.

Cat. No. 74036O

.
.

.
.

.
.

.
.

.
.

.
.

.
.

1
2
3
4
5
6
8b
9
10
11
12
13
14
15
16
17
18
Schedule A (Form 990-T) 2023

Page 2

Schedule A (Form 990-T) 2023

Part III

Cost of Goods Sold

Enter method of inventory valuation
1
Inventory at beginning of year . . . . . . . . . . . . . . . . . . . . . . .
Purchases . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
Cost of labor . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
Additional section 263A costs (attach statement) . . . . . . . . . . . . . . . . .
4
Other costs (attach statement) . . . . . . . . . . . . . . . . . . . . . . .
5
Total. Add lines 1 through 5 . . . . . . . . . . . . . . . . . . . . . . . .
6
Inventory at end of year . . . . . . . . . . . . . . . . . . . . . . . . .
7
Cost of goods sold. Subtract line 7 from line 6. Enter here and in Part I, line 2 . . . . . . .
8
Do the rules of section 263A (with respect to property produced or acquired for resale) apply to the organization?

1
2
3
4
5
6
7
8
9

TREASURY/IRS
AND OMB USE
ONLY DRAFT
October 18, 2023
DO NOT FILE

Part IV
1

2
a

Yes

No

Rent Income (From Real Property and Personal Property Leased With Real Property)

Description of property (property street address, city, state, ZIP code). Check if a dual-use. See instructions.
A
B
C
D
A
B
C
Rent received or accrued
From personal property (if the percentage of
rent for personal property is more than 10%
but not more than 50%) . . . . . . . .

D

b From real and personal property (if the
percentage of rent for personal property exceeds
50% or if the rent is based on profit or income) .
c Total rents received or accrued by property.
Add lines 2a and 2b, columns A through D . .
3

Total rents received or accrued. Add line 2c, columns A through D. Enter here and on Part I, line 6, column (A)

4

Deductions directly connected with the income
in lines 2a and 2b (attach statement) . . . .

5

Total deductions. Add line 4, columns A through D. Enter here and on Part I, line 6, column (B) .

Part V
1

2
3

.

.

Unrelated Debt-Financed Income (see instructions)

Description of debt-financed property (street address, city, state, ZIP code). Check if a dual-use. See instructions.
A
B
C
D
B
C
A
Gross income from or allocable to debt-financed
property . . . . . . . . . . . . .
Deductions directly connected with or allocable
to debt-financed property

D

a Straight line depreciation (attach statement) .
b Other deductions (attach statement) . . . .
c Total deductions (add lines 3a and 3b,
columns A through D) . . . . . . . . .
4
5

Amount of average acquisition debt on or allocable
to debt-financed property (attach statement) . .
Average adjusted basis of or allocable to debtfinanced property (attach statement) . . . .

6
7

Divide line 4 by line 5 . . . . . . . . .
Gross income reportable. Multiply line 2 by line 6

%

%

%

8

Total gross income (add line 7, columns A through D). Enter here and on Part I, line 7, column (A)

9

Allocable deductions. Multiply line 3c by line 6

.

.

10

Total allocable deductions. Add line 9, columns A through D. Enter here and on Part I, line 7, column (B)

11

Total dividends — received deductions included in line 10 .

.

.

.

.

.

.

.

.

.

.

.

.

.

%

.
Schedule A (Form 990-T) 2023

Page 3

Schedule A (Form 990-T) 2023

Part VI

Interest, Annuities, Royalties, and Rents From Controlled Organizations (see instructions)
Exempt Controlled Organizations

(1)
(2)
(3)
(4)

3. Net unrelated
income (loss)
(see instructions)

2. Employer
identification
number

1. Name of controlled
organization

4. Total of specified
payments made

6. Deductions directly
connected with
income in column 5

5. Part of column 4
that is included in the
controlling organization’s
gross income

TREASURY/IRS
AND OMB USE
ONLY DRAFT
October 18, 2023
DO NOT FILE
Nonexempt Controlled Organizations

7. Taxable income

(1)
(2)
(3)
(4)

8. Net unrelated
income (loss)
(see instructions)

9. Total of specified
payments made

10. Part of column 9
that is included in the
controlling organization’s
gross income

11. Deductions directly
connected with
income in column 10

Add columns 5 and 10.
Enter here and on Part I,
line 8, column (A).

Add columns 6 and 11.
Enter here and on Part I,
line 8, column (B).

Totals .

.

Part VII

Investment Income of a Section 501(c)(7), (9), or (17) Organization (see instructions)

.

.

.

.

.

.

.

1. Description of income

(1)
(2)
(3)
(4)

.

.

.

.

.

.

.

.

2. Amount of income

.

.

.

.

.

.

.

3. Deductions
directly connected
(attach statement)

.

4. Set-asides
(attach statement)

5. Total deductions
and set-asides
(add columns 3 and 4)

Add amounts in column 2.
Enter here and on Part I,
line 9, column (A).

Totals .

.

.

.

.

.

.

.

Add amounts in column 5.
Enter here and on Part I,
line 9, column (B).

.

Part VIII Exploited Exempt Activity Income, Other Than Advertising Income (see instructions)
1
2
3
4
5
6
7

Description of exploited activity:
Gross unrelated business income from trade or business. Enter here and on Part I, line 10, column (A)
Expenses directly connected with production of unrelated business income. Enter here and on Part I,
line 10, column (B) . . . . . . . . . . . . . . . . . . . . . . . . . . .
Net income (loss) from unrelated trade or business. Subtract line 3 from line 2. If a gain, complete
lines 5 through 7 . . . . . . . . . . . . . . . . . . . . . . . . . . .
Gross income from activity that is not unrelated business income . . . . . . . . . . .
Expenses attributable to income entered on line 5 . . . . . . . . . . . . . . . .
Excess exempt expenses. Subtract line 5 from line 6, but do not enter more than the amount on line
4. Enter here and on Part II, line 12 . . . . . . . . . . . . . . . . . . . . .

2
3
4
5
6
7
Schedule A (Form 990-T) 2023

Page 4

Schedule A (Form 990-T) 2023

Part IX

Advertising Income

1

Name(s) of periodical(s). Check box if reporting two or more periodicals on a consolidated basis.
A
B
C
D
Enter amounts for each periodical listed above in the corresponding column.
A
B
C
2
Gross advertising income . . . . . . .
a
3

TREASURY/IRS
AND OMB USE
ONLY DRAFT
October 18, 2023
DO NOT FILE

Add columns A through D. Enter here and on Part I, line 11, column (A)
Direct advertising costs by periodical

a

.

.

Add columns A through D. Enter here and on Part I, line 11, column (B)
Advertising gain (loss). Subtract line 3 from line
2. For any column in line 4 showing a gain,
complete lines 5 through 8. For any column in
line 4 showing a loss or zero, do not complete
lines 5 through 7, and enter -0- on line 8
. .

5
6
7

Readership costs . . . . . . . . . .
Circulation income . . . . . . . . . .
Excess readership costs. If line 6 is less than
line 5, subtract line 6 from line 5. If line 5 is less
than line 6, enter -0- . . . . . . . . .

8

Excess readership costs allowed as a
deduction. For each column showing a gain on
line 4, enter the lesser of line 4 or line 7 . . .

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

.

Add line 8, columns A through D. Enter the greater of the line 8a columns total or -0- here and on
Part II, line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Part X

Compensation of Officers, Directors, and Trustees (see instructions)
1. Name

(1)
(2)
(3)
(4)

.

.

4

a

D

2. Title

3. Percentage
of time devoted
to business

4. Compensation
attributable to
unrelated business

%
%
%
%

Total. Enter here and on Part II, line 1 . . . . . . . . . . . . . . . . . . . . .
Part XI Supplemental Information (see instructions)

Schedule A (Form 990-T) 2023