What schedules should the Trust ID be used on? I have been told that it should be used on the Schedule P and Schedule R and that the Employer ID is used everywhere else. Is this correct?

Thanks for your help!

Rachel Diederich

Trust number is only used on Schedule P, all other forms use Plan Sponsor/Employer EIN.

In addition to using the Trust ID on Schedule P - I use it on Form 1099-R and it also shows up on Schedule R, Part I, line 2.

I agree with Lynn.

Also, if someone else is paying the distributions, you use their tax number on the Schedule R. For example, we use a daily platform and Schwab is the custodian. For dists, Schwab cuts a check and sends it to a bank (think they're called a "paying agent"). The bank deposits the $$ and cuts the dist. check for the participant. We put the bank's number on the plan's Schedule R.