1120S Shed K "Foreign Transaction"

taxquestions · Post by **taxquestions** » Wed Jan 20, 2021 2:48 am

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.

nelsona · Post by **nelsona** » Fri May 21, 2021 1:39 pm

there is a tax forum for tax questions' this isn't it.

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1120S Shed K "Foreign Transaction"

1120S Shed K "Foreign Transaction"

Re: 1120S Shed K "Foreign Transaction"