Synthetic GIC's

[justbsur]

I have a client who has several Synthetic GICs in their plan. Can these be reported in "Other" on the Schedule H for balances and earnings? Or do we need to break them down into the underlying assets (mostly bonds) for balances and earnings?

[Guest Dell]

Since the underlying assets are actually owned by the plan, they have to be separately disclosed instead of treating the synthetic GIC as a single investment.