olgaates
Level 2

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!

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