1120S Shed K "Foreign Transaction"

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1120S Shed K "Foreign Transaction"

Post by taxquestions »



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.
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Re: 1120S Shed K "Foreign Transaction"

Post by nelsona »

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 :D
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