In part IV of 5330 where I report the late deferrals, which "transaction date" should I use?
- The date the deferrals were due to the plan?
- The date the deferrals were actually remitted?
- The date the deferrals were actually invested?
Full Version: Form 5330 question
Wasn't sure where to put this question, so I put it here, since it relates to a Shedule I entry.
In part IV of 5330 where I report the late deferrals, which "transaction date" should I use?
In part IV of 5330 where I report the late deferrals, which "transaction date" should I use?
While I am not 100% sure, I believe the date is the date the deposit was expected to occur. The logic for this position is that since the deposit was not made on the "due date for that deposit", it is on that date that the prohibited transaction occurred.
QUOTE (Below Ground @ Jun 21 2007, 10:36 AM) 
While I am not 100% sure, I believe the date is the date the deposit was expected to occur. The logic for this position is that since the deposit was not made on the "due date for that deposit", it is on that date that the prohibited transaction occurred.
Following on that logic, I'd suggest the latest date the deposit should have occurred.
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