Form 5471 - Schedule C Income Statement and Balance Sheet not populating

Forum|Forum|4 years ago
October 11, 2021
1 reply
12 views

Hello,

I am trying to complete a 1040 that includes Form 5471.

I have taken the company's UK P&L and Balance Sheet - and converted them using the year end rate in excel, and input the USD amounts on the Schedule C & F tab.

Under Translation - I have put 2 for Year End Rate.

I have also tried leaving blank, since I entered it in USD already.

No matter what I do, these schedules won't populate.

How do I fix this?

ProConnect Tax

This topic has been closed for replies.

Best answer by IntuitRebecca

Hi there,

The most common reason for the 5471 Sch C not generating is if the Category 3 or Category 4 filer boxes aren't checked. You can find these boxes on the "Filer's Information" section of the input:

Please let me know if the Sch C still doesn't fill out when you have at least one of those two boxes checked.

- Rebecca

IntuitRebeccaAnswer

Level 6

Hi there,

The most common reason for the 5471 Sch C not generating is if the Category 3 or Category 4 filer boxes aren't checked. You can find these boxes on the "Filer's Information" section of the input:

Please let me know if the Sch C still doesn't fill out when you have at least one of those two boxes checked.

- Rebecca

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