Thanks Mike. Code G is also populated in box 14. Furthermore, Box 16 has C and D, as well. This is what the accountant said, verbatim: "The amount in question is simply other income – of portfolio nature, but not portfolio in origin. Not 901(j) income, resourced, or lump sum distribution."
I looked at Form 1120-S, and it does not contain the words lump-sum, 901 or treaty. Is it like this selection does not get reported to IRS, but only determines how this amount will be used for foreign tax credit calculations?
Thank you.
