Part IV. Statements Regarding Certain Activities and Other Information

Complete all lines in Part IV.

Line 1. Check “Yes” if either item (1) or (2) below applies.

1. At any time during the year the organization had an interest in or signature or other authority over a financial account in a foreign country (such as a bank account, securities account, or other financial account); and

a. The combined value of the accounts was more

than $10,000 at any time during the year; and

b. The accounts were not with a U.S. military banking

facility operated by a U.S. financial institution.

2. The organization owns more than 50% of the stock in any corporation that would answer “Yes” to item (1).

If the “Yes” box is checked, write the name of the foreign country or countries. If the list of foreign country names will not fit in the available space, continue the list in Part V, Supplemental Information.

Note: Do not use Part III, line 6j, to claim a refund of federal tax withheld and shown on a Form 1099. Claims for refund of backup withholding should be shown on Part III, line 6e.

Section 1062 Applicable Net Tax Liability

Line 6k. If the organization is electing to defer the payment of the net income tax attributable to the gain on the sale or exchange of qualified farmland property, complete and attach Form 1062 and Schedule(s) A (Form 1062). Enter the amount from Form 1062, Part III, line 14. See section 1062 and the Instructions for Form 1062 for more information.

16 Instructions for Form 990-T (2025)

Get FinCEN Form 114, Report of Foreign Bank and Financial Accounts (FBAR), to see if the organization is considered to have an interest in or signature or other authority over a financial account in a foreign country (such as a bank account, securities account, or other financial account). If the organization is required to file this form, file FinCEN Form 114 electronically with the Department of the Treasury using FinCEN’s BSA E-Filing System. Because FinCEN Form 114 isn’t a tax form, don’t file it with Form 990-T.

See FinCEN for more information.

Line 2. The organization may be required to file Form 3520, Annual Return To Report Transactions With Foreign Trusts and Receipt of Certain Foreign Gifts, if either of the following applies.

• It directly or indirectly transferred money or property to a foreign trust. For this purpose, any U.S. person who created a foreign trust is considered a transferor.

• It is treated as the owner of any part of the assets of a foreign trust under the grantor trust rules.

See the Instructions for Form 3520.

Caution: An owner of a foreign trust must ensure that the trust files an annual information return on Form 3520-A, Annual Information Return of Foreign Trust With a U.S. Owner. For details, see the Instructions for Form 3520-A.

Line 3. Report any tax-exempt interest received or accrued in the space provided. Include any exempt-interest dividends received as a shareholder in a mutual fund or other RIC.

Line 4. Use line 4 to show the amount of the NOL carryover to the tax year from tax years prior to 2018 (“pre-2018 NOL”), even if some of the loss is used to offset income on this return. The amount to enter is the total of all pre-2018 NOLs generated in any year prior to 2018, and not used to offset income (either as a carryback or carryover) to a tax year prior to 2025. Do not reduce the amount by any NOL deduction reported on Part I, line 6.

Line 5. Use the table on line 5 to show the amount of each NOL carryover from tax years after 2017 that is attributable to each separate trade or business conducted at any time after 2017 (“siloed post-2017 NOL”) to the tax year. Include the NOL for each separate trade or business conducted after 2017, even if a Schedule A (Form 990-T) for any one or more specific trades or businesses isn’t included with this return for this tax year. Report the full amount of the available NOL for each separate trade or business, even if some of the loss is used.

In the first column under line 5, enter the business activity code to which each NOL relates. In the second column, enter the total amount of each siloed post-2017 NOL generated in any prior year after 2017 and not used to offset income (either as a carryback or carryover) to a tax year prior to 2025 to offset income reported on a Schedule A (Form 990-T) filed for that separate trade or business on this return. Don’t reduce the amount by any NOL deduction reported on Schedule A (Form 990-T), Part II, line 17. See Separate Trades or Businesses , later, for information about changing the business activity code associated with a particular trade or business, and the effect of such a change on NOLs.