Distributions returned - Sch I & Sch R

[Guest crosseyedtester]

During the plan year, a check was cut from the trust, then returned to the trust. Another check, which was paid the previous year was also returned. So the net distributions would be negative.

1. On Schedule I, would this returned amount go under 2e as a negative number, to offset the previous year's reported benefits paid, or under Contributions as Other?

2. Is Schedule R required?

Thanks

[Bird]

If a distribution didn't really occur in the prior year, then it seems to me that that year's return should be amended. The check floating in space is an asset as of the end of the year.

[Guest crosseyedtester]

Well, the check that was returned was actually issued two years ago.

Howabout just including that amount (which is under $5,000) as "Other Income" for the current year and not amending the form from 2 years ago?

[Bird]

Oh. I wouldn't have a problem doing as you suggest.