blue Posted April 27, 2005 Posted April 27, 2005 If a plan had late deferrals in 2004 wich were all deposited by the end of 2004 but the lost earnings were not corrected until 2005, what amount would you put schedule I line 4a.
Archimage Posted April 28, 2005 Posted April 28, 2005 You would include the total amount of deferrals that were deposited late.
blue Posted April 28, 2005 Author Posted April 28, 2005 Archimage - where in the instructions does it say you have to report the contributions in the second year?
jquazza Posted April 29, 2005 Posted April 29, 2005 Nowhere, it depends on wheter you're using accrual or cash basis, but it seems irrelevant in your case as the lost earnings are not contributions. /JPQ
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