What do I include as Net Short-Term Capital Gain in Line 8 of Form 990-PF?
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Last modified 12/26/2023 6:05:45 AM EST |
Applicable To
990-PF
990-N
990-EZ
990
8868
1120-POL
If your organization made a profit by selling or exchanging an asset that wasn't on your hold for more than a year, include them as a Net short-term capital gain for the year.
Don't include on line 8 a net gain from the sale or exchange of depreciable property or land used in a trade or business and held for more than one year. However, include net loss from such property on line 23 as the Other expense.