Screen 5471-M – Transactions Between CFC and Shareholders (1120)

Related Party Transactions

If nothing is entered in this field or in the
Other exchange rate used for Schedule M
field, amounts entered in the screen are treated as US dollars and transfer to Schedule M.
Enter another exchange rate if you are not using the average exchange rate to translate the foreign currency amounts to U.S. dollars. The other exchange rate should be entered as the number of foreign currency units that equals one unit of U.S. dollars.
If nothing is entered in this field or in the
Exchange rate used for Schedule M
field, the amounts entered in the screen are treated as U.S. dollars and transfers to Schedule M.
Amounts entered as foreign currency translate to U.S. dollars based on the exchange rate selected in the
Exchange rate used for Schedule M
field or the
Other exchange rate used for Schedule M
field.
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