Charitable Exemptions

If an building owner lets a 501c3, not-for-profit entity, use a portion of their building for their charity, they may qualify for a charitable exemption on the percentage of the building used for the charity.
OTC Form 988

To add the exemption:
FIND the account
GO to Names/Situs tab

CLICK Edit Button

TAB to second line
CHOOSE Exempt Interest-Type

FIND OR CREATE Owner’s Name
TYPE IN correct Interest amounts (.9=90%)
EXIT and SAVE changes