- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
We are preparing Form 5472s for a company that has 3 non-US shareholders, with each 33% shares. In Part II Line 4 and Line 5 indicates "direct shareholders" and Line 6 indicates "indirect shareholders". We are unable to enter the 3rd shareholder into Line 6 since all the shareholders are direct shareholders.
Is there a workaround for this on PTO other than manually adding a statement to list all the shareholders?
Also, why do we need to enter all the shareholders' information again and again in the "Foreign owned corporation info"? It would be great if we could enter all shareholder info in one place so that PTO can generate Form 5472s using it.
Thank you in advance for your help!
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Add a New Tab
Check Return and find the form - click the blue part of 3rd member and it will jump to an input.
Answers are easy. Questions are hard!
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Thank you for your reply but this does not solve either problem as far as I understand.
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Contact Support EITHER https://proconnect.intuit.com/community/proconnect-tax-news-updates/discussion/proconnect-tax-assist... OR https://proconnect.intuit.com/support/en-us/help-article/intuit-account-settings/contact-proconnect-...
Answers are easy. Questions are hard!
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
With all due respect, I do know how to contact PTO help. I posted this question to see if any PTO users know any workarounds.
