What do I include as Net Short-Term Capital Gain in Line 8 of Form 990-PF?
4.8k views | Last modified 9/29/2020 6:52:26 AM EST | Added by ExpressTaxExempt Team

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 1 year. However, include net loss from such property on line 23 as the Other expense.

Was this helpful? Yes No

Sign Up for a
FREE ExpressTaxExempt Account!

Register Now

Returning User? Sign in

Couldn't find what you
are looking for?

Contact Us

(704) 839-2321 support@ExpressTaxExempt.com