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Ghosts on the ledger
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Future of professionals report 2025
The Thomson Reuters Future of Professionals Report 2025 reveals how AI continues to shape professional work — and what it takes to get ahead. This year’s report shows that increased efficiency, productivity, and cost savings top the list of benefits professionals attribute to AI, making it indispensable for organizations facing rapid change.
Screen 5471-5 - Other Information, Current Yr Earnings, Shareholder Income (1040)
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Overview
Use this screen to complete Schedule G of Form 5471.
Schedule G - Other Information
Enter information in this section to complete the other information section on the form.
At least 10% interest owned in foreign partnership
In the attached statement, enter the detail of foreign partnerships in which the foreign corporation has at least a 10 percent interest. If the statement has an entry, the application marks the
Yes
box on the return. The information also prints in a statement attached to the return.Statement in lieu of Form 8858
If Form 8858 is not required, use the attached statement to enter the detail of entities owned by the corporation that are disregarded as a separate entity. The information also prints in a statement attached to the return.
note
Electronic filing note:
If you plan to attach Form 8858 and file the return electronically, select code 1 Yes (in ERO's possession)
or 3 Yes (in taxpayer's possession)
in Form 8858
in the 8453
screen, in the Electronic Filing folder, to indicate Form 8858 will be attached to Form 8453.