Ask Experts Questions for FREE Help !
Ask
    jaybeez's Avatar
    jaybeez Posts: 19, Reputation: 1
    New Member
     
    #1

    Oct 14, 2010, 10:55 PM
    5471 Schedule O guidance
    My husband formed 2 foreign corporations in 2009. One, he is 100% owner/shareholder, the other 50%. In schedule O, Part 1 asks for the date of the "original 10% acquisition". Do I list his initial capital investment as "acquisition of stock" as in when he first owned the stock? Later in part C titled "Acquisition of Stock", they ask for the "method of acquisition" and "name and address of person from whom shares were acquired". Do I skip these parts and just fill in section E regarding organization of foreign corporation since it wasn't an acquisition in that sense of the word?

    Any input is appreciated!


Check out some similar questions!

Newly formed CFC, When to file 5471? [ 8 Answers ]

Hi, my husband (Swiss citizen, U.S. resident/green card holder) formed a corporation in Switzerland in October 2009. He is the only shareholder (100%). According to Swiss law, the accounting period for this first year will be October 2009-December 31 2010, then will be Jan 1-Dec 31 for all...

Form 1040nr - file schedule D or schedule NEC [ 1 Answers ]

Hi If in 2009 I had some capital gains (through stocks), do I need to file Schedule D or file Schedule NEC? Thanks

Can I split mortgage interest between schedule A and schedule E? [ 1 Answers ]

I am posted outside the US with the US government and therefore renting out my principal residence. On my 2009 return, if I deduct all the mortgage interest I paid on my house in schedule E (rental property), I won't have sufficient deductible expenses to itemize in Schedule A. If I can't itemize...

What are schedule 40 and schedule 80 pipes as used on ships [ 1 Answers ]

What are schedule 40 and schedule 80 pipes as used on ships.difference in the pvc type and the steel type?


View more questions Search
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.