We are a UK-based corporation with base in UK, no offices in US, but business in US. We need to file 1120F. How do we enter our foreign address?

[albertop]

We just created an account on intuit proconnect tax. We can add a foreign address for our account but, we do not see how to create 1120F for an entity with a foreign address. If we try to add ourselves as our own "clients", there is no way to select foreign address there.

[Ross]

Hello albertop!

Create the client using just the Business Name

When preparing the 1120-F, you can then select the option to use a foreign address as the entities address. 

To generate Form 1120-F, begin an 1120 Corporate return:

1. Go to the Client Information screen.
2. Scroll down to the Miscellaneous Info section.
3. Check the box, 1120-F Filer?.
4. Go to  Miscellaneous Information screen.
5. Scroll down to the Foreign Corporations (1120-F Filers) section.
6. Complete all applicable information.
7. Go to the Foreign Taxes (1120-F) screen.
8. Complete all applicable information.

[louise1]

Just added 1120F client that does not pay branch profits tax. How do I claim that exemption in Lacert?

[Tavares]

Hello,

I have a new client with an apartment that was purchased in 2008. In January 2020 the porperty was rented. I am trying to enter depreciation in Proconenect, but the balancesheet doesnt balance. Can someone please let me know where I should go to enter the depreciation for an 1120-F?