Archimage Posted June 20, 2003 Posted June 20, 2003 Is there any requirement that you break out unrealized and realized gains/losses on assets that are invested in mutual funds? I am curious as to how other practitioners handle this on the SAR. I have always broken the amounts out but I have recently started to think that since I don't have to break it out on the sch. H or I, why should I have to break it out on the SAR?
Blinky the 3-eyed Fish Posted June 20, 2003 Posted June 20, 2003 By definition the Summary Annual Report is summarizing the 5500 and attachments in neat language the participant can conceivably understand. There certainly is not a requirement to summarize something that is not on the report in the first place, like realized gains/losses in your situation. "What's in the big salad?" "Big lettuce, big carrots, tomatoes like volleyballs."
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