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Form 5471 - Schedule C Income Statement and Balance Sheet not populating

kelly6
Level 2

Hello, 

I am trying to complete a 1040 that includes Form 5471. 

I have taken the company's UK P&L and Balance Sheet - and converted them using the year end rate in excel, and input the USD amounts on the Schedule C & F tab.

Under Translation - I have put 2 for Year End Rate. 

I have also tried leaving blank, since I entered it in USD already. 

No matter what I do, these schedules won't populate.

 

How do I fix this? 

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1 Best Answer

Accepted Solutions
IntuitRebecca
Moderator
Moderator

Hi there,

The most common reason for the 5471 Sch C not generating is if the Category 3 or Category 4 filer boxes aren't checked. You can find these boxes on the "Filer's Information" section of the input:
Screen Shot 2021-10-11 at 9.16.05 AM.png
Please let me know if the Sch C still doesn't fill out when you have at least one of those two boxes checked.

- Rebecca

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1 Comment 1
IntuitRebecca
Moderator
Moderator

Hi there,

The most common reason for the 5471 Sch C not generating is if the Category 3 or Category 4 filer boxes aren't checked. You can find these boxes on the "Filer's Information" section of the input:
Screen Shot 2021-10-11 at 9.16.05 AM.png
Please let me know if the Sch C still doesn't fill out when you have at least one of those two boxes checked.

- Rebecca