What do I include as Net Short-Term Capital Gain in Line 8 of Form 990-PF?
5.7k views | 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.

Was this helpful? Yes No

Tax990 Support

Need more help?

Get in touch with our dedicated support team Contact Us