Form 5471 Schedule B - Shareholders of Foreign Corporations

The U.S. Shareholders of the Foreign Corporation, stock held, beginning and ending shares, and pro rata Subpart F percentage are reported on
Part I – U.S Shareholders of the Foreign Corporation
. This information is either entered manually in Organizer or imported using ONESOURCE Excel Add-In or ONESOURCE Workpapers. During rollover, the names, addresses, identifying numbers, stock classifications and Subpart F percentage transfer to the next year. In addition, the ending shares flow into the new year’s beginning balance column. Each year, the ending shares will be initially set to the beginning number.
We added
Part II – Direct Shareholders of the Foreign Corporation
in tax year 2018. The shareholder information, stock descriptions and beginning and ending shares are either manually entered in Organizer or imported using ONESOURCE Excel Add-In or ONESOURCE Workpapers. During rollover, shareholder and stock classifications transfer to the next year, and the ending shares flow to the new year’s beginning balance column. Like the other stock schedules, the ending share values default to the beginning amount on rollover.
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