Brian Murphy Posted July 22 Posted July 22 We are using a Third party to prepare our 5500. They sent me a copy to review and I noticed in Part III 8b it shows a loss of 41,465 for 2024. Outside of the yearly contributions for 2024 I calculate a net gain for the year of $25,300. Being a newbie I want to make sure the information is accurate before we sign and file it. Am I looking at this wrong? Any help would be appreciated. thank you! Brian
Bri Posted July 22 Posted July 22 Details seem scarce here, but if you don't agree with what they put, don't sign it until/unless they can explain it. Because the DOL won't go after *them* if there are errors.
RatherBeGolfing Posted July 22 Posted July 22 35 minutes ago, Brian Murphy said: We are using a Third party to prepare our 5500. They sent me a copy to review and I noticed in Part III 8b it shows a loss of 41,465 for 2024. Outside of the yearly contributions for 2024 I calculate a net gain for the year of $25,300. Being a newbie I want to make sure the information is accurate before we sign and file it. Am I looking at this wrong? Any help would be appreciated. thank you! Brian 5500SF Part III 8b is other income, so gains/losses/dividends/etc. How did you get to $25,300? Can you "show your work"?
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