ADDED January 8, 2009. If I enter a loan from a candidate that is forgiven on Schedule D, does the CFS automatically create an entry on Schedule C, Other Receipts, to off-set the expenditure?

No. The CFS will no longer automatically create off-setting “other receipts” on Schedule C for loans of a candidate’s personal funds to the candidate’s committee that are forgiven on Schedule D. The off-setting “other receipt” (so as not to artificially deflate cash-on-hand) must be manually entered on Schedule C in the CFS, beginning with the Supplemental Report due February 2, 2009, covering the period November 5 through December 31, 2008.

19. Since a candidate’s contributions to the candidate’s campaign are reported as “other receipts” on Schedule C, rather than as “contributions” on Schedule A, if I enter an “other receipt” that is non-monetary (e.g. The candidate gives the candidate’s campaign 20 cases of soda), will the CFS automatically create an entry on Schedule B, Expenditures, to off-set the “other receipt”? Answer: No.

You must create another entry on Schedule B to off-set the “other receipt” of 20 cases of soda from the candidate. 20. If I write several checks to cover ... more.

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