RobertB4444
Expert Alumni

Deductions & credits

1. No, you need to own at least 10% to have to file 5471.

2. No, only earnings paid to or received by you need to be reported on your personal tax return.

3. Yes.

4. You may have requirements for reporting foreign accounts if the value of your shares in this company exceed $10,000.

 

@Haris_n 

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