Schedule C Questions

[12AX7]

If an insurance company received direct and eligible indirect compensation and no other service providers received compensation, what would be the answer to Part 1, 1a ? Seems it should be "no", but I want to make sure.

Also, if I leave 2 (g) of Part 1 blank, I'm getting a validation error (missing or invalid entry). I've seen examples where this field is left blank, however Relius would prefer I enter a "0". Can this field be left blank?

I appreciate all help.

[Laura Harrington]

If an insurance company received direct and eligible indirect compensation and no other service providers received compensation, what would be the answer to Part 1, 1a ? Seems it should be "no", but I want to make sure.

Also, if I leave 2 (g) of Part 1 blank, I'm getting a validation error (missing or invalid entry). I've seen examples where this field is left blank, however Relius would prefer I enter a "0". Can this field be left blank?

I appreciate all help.

The wording on the Schedule C answers both of your questions.

Line 1a: Check "Yes" or "No" to indicate where you are excluding a person from the remainder of this Part because they received only eligible indirect compensation....

Line 2, item (g): ......If none, enter -0-.

[12AX7]

One insurance company did not report an amount for Line 2, but that doesn't necessarily mean the amount is $0.00. I'm finding that some companies report total eligible indirect comp while others do not. I've seen prepared examples where 2(g) is left blank. Specifically, I'm looking at a John Hancock statement.

Perhaps because it's a Friday afternoon, I'm having trouble getting my head around the answer for 1a. I'll remember to take my pension pills tomorrow!