5472

3 replies
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where can I find on form 1065

Lacerte Tax

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itonewbieAnswer

Level 15

Partnerships are required to report income of and withhold taxes on foreign partners under a different set of rules. That's why F.5472 is not available in the Partnership module.

If you have read the filing instructions for F.5472 and Code/reg for §6038A and §6038C, why do you believe it is applicable to a partnership return?

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itonewbieAnswer

Level 15

Partnerships are required to report income of and withhold taxes on foreign partners under a different set of rules. That's why F.5472 is not available in the Partnership module.

If you have read the filing instructions for F.5472 and Code/reg for §6038A and §6038C, why do you believe it is applicable to a partnership return?

---------------------------------------------------------------------------------Still an AllStar

A

America1455Author

Level 2

Thank you for your answer, I know when filing 1065 in zeros don't need to send 5472 but when the partnership has activity must file this form for the foreign partner to avoid get penalize with $10K for not filed this form with the return.

itonewbie

Level 15

Where did you get that understanding?

---------------------------------------------------------------------------------Still an AllStar

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