5472

Forum|Forum|6 years ago
May 20, 2020
1 reply
20 views

where can I find on form 1065

Lacerte Tax

This topic has been closed for replies.

Best answer by itonewbie

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?

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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