Screen 5471-H - Current Earnings and Profits

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Schedule H - Current Earnings and Profits

Enter information in this section to complete the current-year earnings and profits for the foreign corporation. Complete a separate Screen 5471-H unit for each category of income being reported.
Current year net income (loss) per foreign books
Enter the portion of Schedule C current year net income (loss) per foreign books attributable to the category of income for each unit of Screen 5471-H.
Current earnings and profits items
If the foreign corporation doesn't use the DASTM (Dollar Approximate Separate Transactions Method) method of accounting, enter amounts in foreign currency. If the corporation does use the DASTM method, enter amounts in U.S. dollars.
DASTM gain or (loss) for foreign corporations...
Enter the amount of DASTM (Dollar Approximate Separate Transactions Method) gain or loss reflecting unrealized exchange gain or loss for foreign corporations that use the DASTM method of accounting.

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