When is TurboTax going to support form 5471? This form is the only reason I can’t file electronically and it is a pain since I live outside of the US.

Forum|Forum|1 year ago
September 30, 2024
2 replies
3 views

There is nothing complicated about filling out this form for an inactive corporation. Why can’t it be supported, even in a limited way? Filing is required since I own a foreign corporation whose only asset is my house.

TurboTax Free Edition Online

Bsch4477

Level 15

We can’t tell you why TurboTax makes such policy decisions.

Anonymous_

Level 15

I agree with @Bsch4477 and, furthermore, this is not the first form that is missing from TurboTax that has been the subject of numerous requests for inclusion.

Opus 17

Level 15

There are a number of situations in the 5471 instructions that call for the attachment of a statement, a company org chart, or other items. Turbotax seems to have made a policy decision not to allow any PDF attachments, even when permitted by the e-file format. So my guess would be that a lot of people who need form 5471 wouldn't be able to use it even if they included it, because of the blocking of attachments. That doesn't help you, of course, but I think that could be the reason.