GIC's and Schedule D's

[Guest michaelv]

Does anyone know if investing in a GIC would require the completion of a Schedule D?

Thanks for your help!

[JohnCheek]

Nope. A GIC is a contract with an in insurance company that is reportable on Schedule A, and of course Schedule I or H, but a GIC is not one of the entities that could be a Direct Filing Entity. Entities that "could be" DFEs are reportable on Schedule DFE.

[BFree]

Suppose that the Common Collective Trust is not filing as a DFE.

I will break out the CCT assets on Schedule H. Most of the CCT assets will be in line 1©14 - insurance company general account (for GICs).

Do I need to complete a Schedule A for each component (GIC) of the CCT?

Thanks.