Instructions for Form 990-T

Exempt Organization Business Income Tax Return (and proxy tax under section 6033(e))

Section references are to the Internal Revenue Code unless otherwise noted.

Contents Page What’s New . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 Reminders . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 General Instructions . . . . . . . . . . . . . . . . . . . . . . . . . 2 Purpose of Form . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 Who Must File . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 When, Where, and How to File . . . . . . . . . . . . . . . . . . 5 Specific Instructions . . . . . . . . . . . . . . . . . . . . . . . . 10 Part I. Total Unrelated Business Taxable Income . . . . 12 Part II. Tax Computation . . . . . . . . . . . . . . . . . . . . . 13 Part III. Tax and Payments . . . . . . . . . . . . . . . . . . . . 14 Part IV. Statements Regarding Certain Activities

and Other Information . . . . . . . . . . . . . . . . . . . . 16 Part V. Supplemental Information . . . . . . . . . . . . . . . 17 General Instructions—Schedule A (Form 990-T) . . . . 18 Specific Instructions—Schedule A (Form 990-T) . . . 20 Part I. Unrelated Trade or Business Income . . . . . . . 20 Part II. Deductions Not Taken Elsewhere . . . . . . . . . . 24 Part III. Cost of Goods Sold . . . . . . . . . . . . . . . . . . . 28 Part IV. Rent Income . . . . . . . . . . . . . . . . . . . . . . . . 29 Part V. Unrelated Debt-Financed Income . . . . . . . . . 30 Part VI. Interest, Annuities, Royalties, and Rents

From Controlled Organizations . . . . . . . . . . . . . 32 Part VII. Investment Income of a Section 501(c)(7),

(9), or (17) Organization . . . . . . . . . . . . . . . . . . 32 Part VIII. Exploited Exempt Activity Income, Other

Than Advertising Income . . . . . . . . . . . . . . . . . . 33 Part IX. Advertising Income . . . . . . . . . . . . . . . . . . . 33 Part X. Compensation of Officers, Directors, and

Trustees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 Part XI. Supplemental Information . . . . . . . . . . . . . . 34 Business Activity Codes . . . . . . . . . . . . . . . . . . . . . 36 Appendix A. Definitions . . . . . . . . . . . . . . . . . . . . . . 37 Appendix B. Charitable Contribution Deduction . . . . . 39 Appendix C. Public Inspection of Form 990-T

Returns Filed by Section 501(c)(3) Organizations . . . . . . . . . . . . . . . . . . . . . . . . . . 40 Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 43