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Form 5500EZ line 10g

This may be a little out of scope but:

If the total combined interest received and realized capital loss within a retirement plan is negative for the plan year, does one enter a negative number on line 10g (and if so, how does one do this... use a minus sign?), or does one report zero?

Thanks,

Steve

Reply to
Steve Pope
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According to page 7 of the instructions for the 2008 version of Form

5500EZ, the total shown on line 10g includes net income. Since net income could be negative (a loss), the total could be negative. Since there is no EXPLICIT instruction to enter zero when the total is negative, the total should be shown at its actual value including shown as negative when negative.

According to page 4 of the instructions for the 2008 version of Form

5500EZ, negative numbers are indicated by a minus sign to the left of the "entered to the left of the number."
Reply to
Bill Brown

Thanks. I agree.

Steve

Reply to
Steve Pope

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