Filers should carefully read the Instruction Guide prior to completing their FD Report. The following provides the most common oversights made by filers. If you have questions concerning these or any other reporting requirements, contact the Committee staff at (202) 225-7103.

Remember to:

  • Disclose each of the individual underlying assets (stocks, bonds, mutual funds) held in a variable annuity or insurance policy, brokerage account, IRA, 401(k), or 529 account.
  • Track assets from year to year, including information in amendments and PTRs, ensure consistency across filings in the names of the assets and who owned them (e.g., self, spouse, child, joint). (For example, if you own XYZ stock that was disclosed on your 2024 FD Report, staff will look for it on your 2025 FD Report, on either Schedule A or B or both.) If an asset disclosed on a previous FD Report is omitted, or a new asset is disclosed for the first time without a corresponding Schedule B transaction, please provide an explanation in the comments section in the electronic filing system or in the notes section on the paper form.
  • Include the type of life insurance you own (whole life, universal life, or an annuity) along with the name of the asset.
  • Include any investment or rental property on Schedule A as an asset when it is also listed on Schedule D as a liability, or the reverse.
  • Report capital gains on Schedule A.
  • Report dividends for a single asset on Schedule B if they exceeded $1,000 and were reinvested.
  • Include Defined Contribution plans (e.g., 457s TIAA, 401ks) and Defined Benefit plans (e.g., pensions) with state employers.
  • Include agreements with past or future employers on Schedule F, including an employer with whom you have a pension (including pensions for serving in state or local office) or 401(k) plan or an employer from whom you have a job offer.
  • Include the type of business when reporting on Schedule A for LLCs, LPs, S-Corps., C-Corps, etc.
  • Assets held within a Trust.

 

On Electronic Filings, remember to:

  • Create an Asset Class for a trust, a private business that holds assets, or an IRA, 401(k), 529 plan, or brokerage account before beginning Schedule A or B.
  • Create a third-party preparer account for anyone assisting you with preparing your FD Report.

 

On Paper Filings, remember to:

  • Provide the type and location (city and state) of a private business.
  • Include a date for any liability on Schedule D.
  • Ensure that all the appropriate boxes are checked in Schedule A. We look for an “X” in blocks B, C, and D.