How to generate Schedule B for Form 5471 in Lacerte

Follow these steps:

1. Go to the Information Return of US Persons (5471) screen:
   • Screen 68 (Individual)
   • Screen 48 (Partnership)
   • Screen 63 (Corporate)
   • Screen 56 (S Corporate)
   • Screen 66 (Fiduciary)
   • Screen 81 (Exempt organization)
2. In the Filer's Information subsection, select the applicable Category Filer boxes for Schedule B:
   • Category 3 filer
   • Category 4 filer
     • Only Category 3 and 4 filers are required to complete Schedule B.
     • If Category 3 or 4 isn't checked, Schedule B won't generate.
3. Select Sch. B - US Shareholder of Foreign Corporation from the top left panel.
4. Enter the Filer name or number (MANDATORY if multiple filers) (Ctrl+T).
5. Complete all other applicable information.

For more information refer to Generating Form 5471, Information Return of US Persons in Lacerte.