Schedule Q – CFC Income by CFC Income Groups

An individual Schedule Q is created by basket, foreign versus U.S. source characteristic, and by withholding tax category for passive income or by FOGI versus non-FOGI for general limitation income. Use the new Form 5471 Schedule Q Report available under the
Subpart F > Form 5471 and 8858 Reports
folder to review the individual Schedule Q’s that the system creates during
International Computes > Transfer to US5471, US8865, US8858
. The Subpart F High Tax Adjustment and GILTI High Tax Adjustment detail included on the report assists in the determination of the
Total
row values.
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