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N
nini_kv79
October 6, 2023
Question

Does a 501c19 organization pay taxes on investments like CDs or mutual funds?

  • October 6, 2023
  • 1 reply
  • 0 views
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1 reply

A
Anonymous_
Employee
October 6, 2023

https://www.irs.gov/charities-non-profits/other-non-profits/veterans-organizations

M
Mike9241
October 6, 2023

turbotax does not handle non-profits. this forum is primarily devoted to personal and business income tax issues. investment income would be taxable as UBI (Unrelated Business Income) if it meets the definitions in IRC code section 512.

https://www.law.cornell.edu/uscode/text/26/512 

 

if UBI is over $1000 form 990-T is required. and a UBI Tax is paid.  FYI other sources of income can be UBIT. 

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