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Form IT-20NP Indiana Department of Revenue
State Form 148 Indiana Nonprofit Organization Unrelated Business Income Tax Return
(R22 / 8-23)
Calendar Year Ending December 31, 2023 or
Fiscal Year Beginning 2023 and Ending
Check box if amended. □ Check box if name changed. □
Name of Organization Federal Employer Identification Number

Number and Street Principal Business Activity Code Foreign Country 2-Character Code

City State ZIP Code 2-Digit County Code Telephone Number

K. Check all boxes that apply: Initial Return □ Final Return □ In Bankruptcy □
L. Do you have on file a valid extension of time to file your return (federal Form 7004 or an electronic extension of time)?□Yes□ No
M. Check the box if entity has multiple unrelated trades or businesses (see instructions)
□

Adjusted Gross Income Tax Calculation on Unrelated Business Income
1. Unrelated business taxable income before NOL deduction from federal Form 990-T.
Use a minus sign for negative amounts. Attach Form 990-T ............................................................. 1 00
2. Non-unitary partnership income ......................................................................................................... 2 00
3. Specific deduction (generally $1,000; see instructions) ...................................................................... 3 00
4. Subtract line 2 and line 3 from line 1 .................................................................................................. 4 00
Modifications (use a minus sign for negative amounts)
5. Enter name of add-back or deduction _______________________________ Code No. 5 00
6. Enter name of add-back or deduction _______________________________ Code No. 6 00
7. Enter name of add-back or deduction _______________________________ Code No. 7 00
8. Enter name of add-back or deduction _______________________________ Code No. 8 00
9. Unrelated business income: add or subtract lines 4 through 8. If not apportioning, enter
same amount on line 11 ...................................................................................................................... 9 00
10. Enter Indiana apportionment percentage, if applicable, from line 9 of IT-20 Schedule E
apportionment (enclose schedule) ..................................................................................................... 10 . %
11. Unrelated business apportioned to Indiana (multiply line 9 by line 10; otherwise, enter line 9 amount) 11 00
12. Non-unitary partnership income from Indiana sources ..................................................................... 12 00
13. Enter Indiana Net Operating Loss deduction. Enclose Schedule IT-20NOL ..................................... 13 00
14. Taxable Indiana unrelated business income (add line 11 and line 12 and subtract line 13) .............. 14 00
15. Taxable income from other forms (Form 1120-POL) .......................................................................... 15 00
16. Subtotal (add lines 14 and 15) ............................................................................................................. 16 00
17. Indiana tax on unrelated business income (multiply line 16 by tax rate; see instructions for line 17) .... 17 00
18. Sales/use tax on purchases subject to use tax from Sales/Use Tax Worksheet ............................... 18 00
19. Total tax due (add lines 17 and 18) ..................................................................................................... 19 00
Credit for Estimated Tax and Other Payments
20. Quarterly estimated tax paid: Qtr. 1 Qtr. 2 Qtr. 3 Qtr. 4 Enter total 20 00
21. Amount paid with extension ............................................................................................................... 21 00
22. Amount of overpayment credit (from tax year ending ...........................................) 22 00
23. Pass-through withholding and other payments (include Schedule IN K-1) ........................................ 23 00
24. EDGE credit. Enter the total EDGE credit amount claimed (line 19 on Schedule IN-EDGE).............. 24 00
25. EDGE-R credit. Enter the total EDGE-R credit amount claimed (line 19 on Schedule IN-EDGE-R) .. 25 00
26. Enter name of offset credit _______________________________________ Code No. 26 00
27. Enter name of offset credit ________________________________________ Code No. 27 00
28. Enter name of offset credit ________________________________________ Code No. 28 00
29. Enter name of offset credit ________________________________________ Code No. 29 00
30. Enter name of offset credit ________________________________________ Code No. 30 00
31. Certified credits. Enter the total of certified credits claimed from Schedule IN-OCC and enclose this
schedule with your return .................................................................................................................... 31 00
32. Total credits (add lines 20-31) ............................................................................................................ 32 00

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33. Balance of tax due (line 19 minus line 32) ............................................................................................              33          00
34.  Penalty for the underpayment of income tax. Attach Schedule IT-2220  ............................................                                                
      Check box if using annualization method .....................................................................................                      34
    □
35. Interest: If payment is made after the original due date, compute interest..........................................                                 35          00
36. Penalty: If paid late, enter 10% of line 33; see instructions. If line 19 is zero, enter $10 per day filed  
    past due date....................................................................................................................................... 36          00
37.  Total payment due (add lines 33-36). (Payment must be made in U.S. funds) PAY THIS AMOUNT ..                                                        37          00 
38. Total overpayment (line 32 minus lines 19 and 34-36) .......................................................................                         38          00
39.  Amount of line 38 to be refunded ........................................................................................................           39          00
40.  Amount of line 38 to be applied to the following year’s estimated tax account ...................................                                   40          00

____________________________________________________    ____________________________________________________
Personal Representative’s Name (Print or Type)          Paid Preparer: Firm’s Name (or yours if self-employed)

____________________________________________________    ____________________________________________________
Personal Representative’s Email Address                 PTIN

____________________________________________________    ____________________________________________________
Signature of Corporate Officer                Date      Telephone Number

____________________________________________________    ____________________________________________________
Print or Type Name of Corporate Officer       Title     Address

____________________________________________________    ____________________________________________________
Signature of Paid Preparer                    Date      City

____________________________________________________    ____________________________________________________
Print or Type Name of Paid Preparer                     State                                                                                            ZIP Code + 4

                                                    Please mail your forms to:
                                                    Indiana Department of Revenue
                                                        P.O. Box 7228
                                                    Indianapolis, IN 46207-7228

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