Schedule F Part 1
Columns 14 and 15 are confusing me. Both have "amount of assets pledged" or something else. Is amount of assets pledged to be entered into both columns, so twice (and plus amounts from those other things)?
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Columns 14 and 15 are confusing me. Both have "amount of assets pledged" or something else. Is amount of assets pledged to be entered into both columns, so twice (and plus amounts from those other things)?
Comments
The way I interpret those column headings is:
That's because "Letters of Credit" and "Collateral" are 2 different things that represent an ability to pay. There should be no overlap between the quantities entered in those 2 columns. I'm not sure how they came up with that strange wording.
Definition of "Letter of Credit":
Definition of "Collateral":
Thanks