Form 5471 Schedule C cross-reference chart

Form 5471 Schedule C includes lines to report Other Comprehensive Income (lines 231-23c). A new mapping chart automates the population of this section of the form.
To open the mapping chart, in the Income Tax Home screen select
Charts
, then
International
, then
5471 Schedule C Cross Reference (Other Comprehensive Income).
The chart associates accounts within the federal chart to the following form rows:
  • 23a. Foreign currency translation adjustments
  • 23b. Other
  • 23c. Income tax expense (benefit) related to other comprehensive income
A single mapping chart is defined for each federal chart. Multiple federal accounts can be cross-referenced to a single form line. U.S. Dollar balances after book and reclass adjustments are aggregated and transferred to the Organizer during the International Compute, with
Transfer to US5471, US8865 and US8858
selected. Since the data is deposited into hidden fields, amounts entered in Organizer supersede the transferred values.
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