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L
LL2
Level 3
April 24, 2020
Question

IRC 965 Transition Tax Statement

  • April 24, 2020
  • 1 reply
  • 14 views

Hi there. Kindly assist on how to compute this part of IRC 965 Transition Tax Statement please.

LINE 3: TOTAL DEDUCTION UNDER SECTION 965(A)

PTO does not compute it automatically so if someone can give an illustration or a sample computation, it would be much appreciated.

Thank you!

 

 

This topic has been closed for replies.

1 reply

itonewbie
itonewbie
Level 15
April 24, 2020

Which year's return are you preparing?

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L
LL2Author
Level 3
April 25, 2020

We are prepping for the year 2017 and 2018

itonewbie
itonewbie
Level 15
April 25, 2020

Are you preparing a F.5471 along with that?  If so, you should run the numbers from what you have for the CFC.

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