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04 Form IT-20NP                                         Indiana Department of Revenue
   State Form 148 
05 (R23 / 8-24)   Indiana Nonprofit Organization Unrelated Business Income Tax Return
06                                           for Calendar Year Ending December 31, 2024
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                         or Fiscal Year Beginning                2024 and Ending
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09 Check box if amended.                                                                            Check box if name changed.
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11  Name of Organization                                                                         Federal Employer Identification Number
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13  Number and Street                                   Principal Business Activity Code         Foreign Country 2-Character Code
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15  City                                      State     ZIP Code           2-Digit County Code      Telephone Number
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17  A.  Check all boxes that apply:      Initial Return Final Return          In Bankruptcy 
18  B. 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
19  C. Check the box if entity has multiple unrelated trades or businesses (see instructions).
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21 Adjusted Gross Income Tax Calculation on Unrelated Business Income
22  1.   Unrelated business taxable income before NOL deduction from federal Form 990-T.  
23       Use a minus sign for negative amounts. Attach Form 990-T ________________________________                 1                   00
24  2.   Non-unitary partnership income ______________________________________________________                     2                   00
25  3.   Specific deduction (generally $1,000; see instructions) ____________________________________              3                   00
26  4.  Subtract line 2 and line 3 from line 1___________________________________________________                  4                   00
27 Modifications (use a minus sign for negative amounts)
28  5.   Enter name of add-back or deduction                                      Code No.                         5                   00
29  6.   Enter name of add-back or deduction                                      Code No.                         6                   00
30  7.  Enter name of add-back or deduction                                       Code No.                         7                   00
31  8.   Enter name of add-back or deduction                                      Code No.                         8                   00
32  9.  Unrelated business income: add or subtract lines 4 through 8. If not apportioning, enter  
33       same amount on line 11 ____________________________________________________________                       9                   00
34 10.  Enter Indiana apportionment percentage, if applicable, from line 9 of IT-20 Schedule E  
35       apportionment (enclose schedule) ____________________________________________________                     10 .                 %
36 11.   Unrelated business apportioned to Indiana (multiply line 9 by line 10; otherwise, enter line 9 amount) _  11                  00
37 12.   Non-unitary partnership income from Indiana sources   ____________________________________                12                  00
38 13.   Enter Indiana Net Operating Loss deduction. Enclose Schedule IT-20NOL  ____________________   13                              00
39 14.  Taxable Indiana unrelated business income (add line 11 and line 12 and subtract line 13)   ________        14                  00
40 15.   Taxable income from other forms (Form 1120-POL) _______________________________________                   15                  00
41 16.   Subtotal (add lines 14 and 15) _______________________________________________________                    16                  00
42 17.  Indiana tax on unrelated business income (multiply line 16 by tax rate; see instructions for line 17) __   17                  00
43 18.   Sales/Use Tax Due ________________________________________________________________                        18                  00
44 19.  Total tax due (add lines 17 and 18) ____________________________________________________                   19                  00
45 Credit for Estimated Tax and Other Payments
46 20.  Quarterly estimated tax paid: Qtr. 1  Qtr. 2            Qtr. 3     Qtr. 4              Enter total __      20                  00
47 21.   Amount paid with extension  _________________________________________________________   21                                    00
48 22.   Amount of overpayment credit (from tax year ending           ) ____________________________               22                  00
49 23.   Pass-through withholding and other payments (include Schedule IN K-1) ______________________              23                  00
50 24.  EDGE credit. Enter the total EDGE credit amount claimed (line 19 on Schedule IN-EDGE) ________             24                  00
51 25.   EDGE-R credit. Enter the total EDGE-R credit amount claimed (line 19 on Schedule IN-EDGE-R) __            25                  00
52 26.   Enter name of offset credit                                              Code No.                         26                  00
53 27.  Enter name of offset credit                                               Code No.                         27                  00
54 28.   Enter name of offset credit                                              Code No.                         28                  00
55 29.  Enter name of offset credit                                               Code No.                         29                  00
56 30.  Enter name of offset credit                                               Code No.                         30                  00
57 31.   Certified credits. Enter the total of certified credits claimed from Schedule IN-OCC and enclose this 
58       schedule with your return ___________________________________________________________                     31                  00
59 32.   Total credits (add lines 20-31)  _______________________________________________________                  32                  00
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05 33. Balance of tax due (line 19 minus line 32) ______________________________________________          33                 00
06 34.  Penalty for the underpayment of income tax. Attach Schedule IT-2220. 
07          Check box if using annualization method  ____________________________________________         34                 00
08 35. Interest: If payment is made after the original due date, compute interest ______________________  35                 00
09 36. Penalty: If paid late, enter 10% of line 33; see instructions.  
10     If line 19 is zero, enter $10 per day filed past due date  ____________________________________    36                 00
11 37.  Total payment due (add lines 33-36). (Payment must be made in U.S. funds) PAY THIS AMOUNT __      37                 00
12 38. Total overpayment (line 32 minus lines 19 and 34-36) _____________________________________         38                 00
13 39.  Amount of line 38 to be refunded _____________________________________________________            39                 00
14 40.  Amount of line 38 to be applied to the following year’s estimated tax account ___________________ 40                 00
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24                                                                     Paid Preparer: Firm’s Name (or yours if self-employed)
25 Personal Representative’s Name (Print or Type)
                                                                       PTIN
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27 Email Address
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29 Signature of Corporate Officer                Date                  Telephone Number
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31 Print or Type Name of Corporate Officer Title                       Address
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33 Signature of Paid Preparer                    Date                  City
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35 Print or Type Name of Paid Preparer                                 State                                 ZIP Code + 4
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                Please mail your return to: Indiana Department of Revenue, PO Box 7228, Indianapolis, IN 46207-7228.
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