https://www.irs.gov/pub/irs-pdf/i1120s.pdf
https://www.irs.gov/pub/irs-pdf/f1120s.pdf
On the 1120S Schedule K "Foreign Transactions" line 14 confuses me. Some of my income is foreign sourced (e-commerce).
Is filling this section required? Or only if I am requesting foreign tax credits or one of the shareholders sold personal property?
For example, if my S-Corp had 100k in sales in Canada 100k on line 14G and 14E? This section is incredibly confusing.
1120S Shed K "Foreign Transaction"
Moderator: Ron Liberman
Re: 1120S Shed K "Foreign Transaction"
there is a tax forum for tax questions' this isn't it.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing ![Very Happy :D](./images/smilies/icon_biggrin.gif)
![Very Happy :D](./images/smilies/icon_biggrin.gif)