I wanted to follow up on the comments regarding whether Schedule C, line 5 needs to be completed when there are not multiple disqualified persons involved. What's odd is that Line 4 states that if "you" have corrected all prohibited transactions reported on this return, then "complete Schedule C, line 5 on the next page." If you answer "yes" to Line 4 and do not complete anything on Line 5 will the IRS be content that you have contemplated/completed Schedule C, line 5? I didn't know whether a N/A would be appropriate for 5(b) and 5(c). Appreciate additional insight to this question!
