Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

AMENDED January 8, 2009. If I enter a non-monetary contribution on Schedule A, does the CFS automatically create an entry on Schedule B, Expenditures, to off-set the non-monetary contribution?

0
Posted

AMENDED January 8, 2009. If I enter a non-monetary contribution on Schedule A, does the CFS automatically create an entry on Schedule B, Expenditures, to off-set the non-monetary contribution?

0

No. You must manually enter an off-setting expenditure on Schedule B for each non-monetary contribution entered on Schedule A in the CFS, beginning with the Supplemental Report due February 2, 2009, covering the period November 5 through December 31, 2008. Through the Final Election Period Report due December 4, 2008, the CFS would automatically create an off-setting expenditure on Schedule B for each non-monetary contribution entered on Schedule A. However, the CFS did not always carryover the off-setting expenditure data into the next reporting period, so the next report’s opening cash-on-hand would be inflated. The cause of this intermittent glitch cannot be located and thus, the CFS feature creating an automatic off-setting expenditure for non-monetary contributions is now deleted. 17. ADDED January 8, 2009. If I enter a loan that is forgiven on Schedule D or unpaid expenditure forgiven on Schedule E, does the CFS automatically create an entry on Schedule A, Contributions Received,

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123