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I'm retired & run a nonprofit without pay. Should I file as self-employed (tho I don't get paid), or retired (tho I have expenses to write off)?

My only income is retirement pay. My business/nonprofit expenses are things like gas/personal vehicle and supplies purchased with personal funds.
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Level 15

I'm retired & run a nonprofit without pay. Should I file as self-employed (tho I don't get paid), or retired (tho I have expenses to write off)?

A qualified/registered non-profit or charity is required to file it's own physically separate tax return on IRS Form 990.

 

  • Form 990, Return of Organization Exempt from Income Tax.
  • Form 990-EZ, Short Return of Organization Exempt from Income Tax.
  • Form 990-PF, Return of Private Foundation.

Turbotax does not have or support this form. You should seek professional help from a local CPA, EA or tax attorney.

 

 

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Level 15

I'm retired & run a nonprofit without pay. Should I file as self-employed (tho I don't get paid), or retired (tho I have expenses to write off)?

A qualified/registered non-profit or charity is required to file it's own physically separate tax return on IRS Form 990.

 

  • Form 990, Return of Organization Exempt from Income Tax.
  • Form 990-EZ, Short Return of Organization Exempt from Income Tax.
  • Form 990-PF, Return of Private Foundation.

Turbotax does not have or support this form. You should seek professional help from a local CPA, EA or tax attorney.

 

 

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