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I am completing the insolvency worksheet, It asks for interest in a pension plan and interest in a 401K. What is it and how is it calculated?
The form is in the 4681 workbook on insolvency.
I think you are confused by the word "interest". In this case, it means your ownership of the plan and the valuation of the plan. So, if you have a 401(k) with $23,000 in it, the answer is $23,000 (unless you have a loan outstanding from the plan). It is NOT using the word "interest" to mean the earnings on the plan assets, as in "it earned 2.75% interest during the year."
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