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Federal input screens

Screen 5471-7 - Current Earnings and Profits (1065)

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Schedule H - Current Earnings and Profits

Use this screen to enter information for Form 5471, Schedule H. A category of income must be selected for each unit of the input screen.
Enter the amount in U.S. dollars if the foreign corporation uses the U.S. dollar approximate separate transactions method (DASTM); otherwise enter amounts using foreign currency.
Capital gains or losses / ... / Other
Enter amounts in foreign currency if the foreign corporation does not use the DASTM method of accounting for Schedule H. If the corporation uses the DASTM method of accounting, enter amounts in U.S. dollars.
note
To use the DASTM method, enter an
X
 in the
Use DASTM method of accounting
 field in Screen 5471.
DASTM gain or (loss) for foreign corporations that use DASTM
Enter the amount of DASTM gain or loss reflecting unrealized exchange gain or loss for foreign corporations that use the DASTM method of accounting.

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