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Barbara
Barbara, Enrolled Agent
Category: Tax
Satisfied Customers: 3766
Experience:  20+ years of experience in tax preparation; 25+ years of experience as a real estate/corporate paralegal.
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Domestic wholly owned subsidiary owned by a foreign

Customer Question

domestic wholly owned subsidiary owned by a foreign corporation. How should I report the money invested in the reporting Co on form 5472? There is no trade between two. Parent sent money as an investment.
Submitted: 1 year ago.
Category: Tax
Customer: replied 1 year ago.
IRS Form 5472
Expert:  Barbara replied 1 year ago.

Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

Form 5472 is not required in this case since the investment is not a reportable transaction.

https://www.law.cornell.edu/cfr/text/26/1.6038A-2

Please let me know if I can assist you further.

Thank you and best regards,

Barb

Expert:  Barbara replied 1 year ago.

Just following up with you to see if you have any other questions. If so, please let me know so I can further assist you.

Best regards,

Barb