Schedule C

[Guest carsonv]

I am told that if an Insurance Company recieved compensation from the Plan >$5000 they need to be reported here. What code should be reported for them, it is an Insurance Company like Manulife.....Any help on this schedule would be appreciated b/c this is the first on I have done..

Thanks,

Carson

[Guest carsonv]

Some other things may need to be said. The move to the Insurance Comany occured during the year, should both be included on schedule C?

Basically, I just need some clairfication....I can't stand government language

Thanks again,

Carson

[Guest KristinaGK]

Sch C shows amounts paid by the plan from the plan assets. While it seems obvious that Manulife expenses are paid from the assets to the Manulife, it may be a function of their contract. I would ask Manulife for the amount of expenses that need to be disclosed on the Sch C. You may find the answer is zero.