Schedule SB- line 19 discounted contribution attachment requirement

[Jakyasar]

Hi

Someone I work with told me that line 19 - discounted contributions - attachment is not required unless the plan is subject to quarterly payments i.e. if less than 100% funded in the prior year.

I reread the instructions on SB and seems to be supporting this.

I always attach to avoid any misses.

Any comments are appreciated.

[DavidO]

Interesting. I just reread the instructions and your coworker seems to be correct.

I have always attached regardless of quarterlies. Probably still will, but definitely would be comfortable not doing it based on the instructions.

[truphao]

correct, the attachment is required only if there are late quarterlies.  Even if there were quarterlies but made timely , no attachment is required.  I believe this was changed around PPA (the full schedule used to be always required).