1221 Form 5471 (Schedule E) (PDF)

Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/f5471se.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).

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SCHEDULE E (Form 5471) (Rev. December 2021)

Department of the Treasury Internal Revenue Service

• Attach to Form 5471.

  • Go to www.irs.gov/Form5471 for instructions and the latest information.

OMB No. 1545-0123

Name of person filing Form 5471 Identifying number

Name of foreign corporation EIN (if any) Reference ID number (see instructions)

a Separate Category (Enter code—see instructions.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ^▶ b If code 901j is entered on line a, enter the country code for the sanctioned country (see instructions) . . . . . . . . . . . . . . ^▶ c If one of the RBT codes is entered on line a, enter the country code for the treaty country (see instructions) . . . . . . . . . . . ^▶ Part I Taxes for Which a Foreign Tax Credit Is Allowed Section 1 — Taxes Paid or Accrued Directly by Foreign Corporation

(d) PTEP Group

(enter code)

(e) Annual PTEP Account

(enter year)

(a) Name of Lower-Tier Distributing Foreign Corporation

(b) EIN or Reference ID Number of Lower-Tier

Distributing Foreign

Corporation

(c) Country or U.S. Possession to Which Tax Is Paid (Enter code—see instructions. Use a separate line for each.)

1 2 3 4

(f) PTEP Distributed (enter amount in functional currency)

(g) Total Amount of PTEP in the PTEP Group

(in functional currency)

(h) Total Amount of the PTEP Group Taxes

(i) Foreign Income Taxes Properly Attributable

to PTEP and not Previously Deemed Paid

(enter amount in functional currency) (in functional currency) With Respect to PTEP Group (USD)

((column (f)/column (g)) x column (h)) (USD) 1 2 3 4 5 Total (combine lines 1 through 4 of column (i)). Also report amount on Schedule E-1, line 6 . . . . . . . . . . . ^▶

With Respect to PTEP Group (USD)

For Paperwork Reduction Act Notice, see instructions. Cat. No. 71397A Schedule E (Form 5471) (Rev. 12-2021)

Schedule E (Form 5471) (Rev. 12-2021) Page 2

Name of foreign corporation EIN (if any) Reference ID number (see instructions)

a Separate Category (Enter code—see instructions.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ^▶ b If code 901j is entered on line a, enter the country code for the sanctioned country (see instructions) . . . . . . . . . . . . . . ^▶ c If one of the RBT codes is entered on line a, enter the country code for the treaty country (see instructions) . . . . . . . . . . . ^▶ Part II Election For tax years beginning after December 31, 2004, has an election been made under section 986(a)(1)(D) to translate taxes using the exchange rate on the date of payment?

Yes No If “Yes,” state date of election ^▶

Schedule E (Form 5471) (Rev. 12-2021)

Schedule E (Form 5471) (Rev. 12-2021) Page 3

Name of foreign corporation EIN (if any) Reference ID number (see instructions)

a Separate Category (Enter code—see instructions.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ^▶ b If code 901j is entered on line a, enter the country code for the sanctioned country (see instructions) . . . . . . . . . . . . . . ^▶ c If one of the RBT codes is entered on line a, enter the country code for the treaty country (see instructions) . . . . . . . . . . . ^▶ Schedule E-1 Taxes Paid, Accrued, or Deemed Paid on Accumulated Earnings and Profits (E&P) of Foreign Corporation (continued)

Schedule E (Form 5471) (Rev. 12-2021)