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kirisluk
New Member

Does Home & Business provide Forms 5471 & Schedule O? If not, should I file my tax return in paper or what is the best way to file all forms & schedules together?

Since I have no business expenses to report, I skip whole section of 'Business".

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Leonard
Intuit Alumni

Does Home & Business provide Forms 5471 & Schedule O? If not, should I file my tax return in paper or what is the best way to file all forms & schedules together?

The best way to file your tax return will be by mail.  TurboTax does not support Form 5471 or Schedule O.  These two forms are attached to your tax return when you file your return.

You may use TurboTax Home & Biz to complete your tax return print out your return attach Form 5471 and Schedule O and mail your returns,

When a U.S. person (USP) is required to file a Form 5471 (an information return) under IRC 6046(a), it is filed by attaching it to an individual income tax return.

The links below are to Form 5417 & Schedule O 

https://www.irs.gov/pub/irs-pdf/f990so.pdf

https://www.irs.gov/pub/irs-pdf/f5471.pdf

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2 Replies
Leonard
Intuit Alumni

Does Home & Business provide Forms 5471 & Schedule O? If not, should I file my tax return in paper or what is the best way to file all forms & schedules together?

The best way to file your tax return will be by mail.  TurboTax does not support Form 5471 or Schedule O.  These two forms are attached to your tax return when you file your return.

You may use TurboTax Home & Biz to complete your tax return print out your return attach Form 5471 and Schedule O and mail your returns,

When a U.S. person (USP) is required to file a Form 5471 (an information return) under IRC 6046(a), it is filed by attaching it to an individual income tax return.

The links below are to Form 5417 & Schedule O 

https://www.irs.gov/pub/irs-pdf/f990so.pdf

https://www.irs.gov/pub/irs-pdf/f5471.pdf

Does Home & Business provide Forms 5471 & Schedule O? If not, should I file my tax return in paper or what is the best way to file all forms & schedules together?

Unfortunately you have to submit the whole return in print by mail.  This is a shame as it obviously introduced more worry and waiting into the process (and printing and postage).  Last year it took many months for my printed return to be processed and to receive the refund due.  It's ironic that TTax talks about helping us speedy refunds, but their failure to include the 5471 forms (which some other tax software providers do include) is creating a lot of delay and extra work for its customers.   Sorry to be bearer of bad news on this, maybe someday TTax will fix their software to catch up with the market. 

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