The IRS Form 990-T has evolved significantly since the passage of the Tax Cuts and Jobs Act (TCJA) of 2017. After many years of minimal changes, the TCJA enacted Internal Revenue Code (IRC) Section 512(a)(6)[1], which requires “siloing” each unrelated business income (UBI) activity for reporting and activity-level net income computations. Filing entities can no longer aggregate all UBI activities into one net amount to compute tax. Losses from one activity cannot offset income from other activities, and net operating