Tax990 Knowledge Base

What information is required to file schedule K?

The following key pieces of information are required to complete Form 990 Schedule K,

• Bond Issue Details: Information about the bonds, including issue date, issue price, and description of the bond issue.
   
• Proceeds: How the proceeds of the bonds were used, such as for construction, acquisition, or refinancing, including the amount and percentage of proceeds allocated to different projects.
   
• Private Business Use: Details on any private business use of the bond-financed property, including direct and indirect use, and whether the private business use limits were exceeded.
   
• Arbitrage Information: Whether the bonds are subject to arbitrage rules and details about any required rebate payments to the IRS.