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Federal housing law

1224 Form 5471 (Schedule H-1) (PDF)

Federal housing law as enacted — verbatim and citable.

Edition
2026-10-03
Last updated
2026-10-04
Jurisdiction
United States
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Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/f5471sh1.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).

SCHEDULE H-1 (Form 5471)

(December 2024)

Department of the Treasury Internal Revenue Service

Pro Rata Share of CFC Adjusted Net Income or Loss for Corporate Alternative Minimum Tax

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 U.S. shareholder Identifying number

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

a Enter the AFS currency (see instructions) . . . . . . . . . . . . . . . . . . . . .

b Enter the exchange rate used for converting from AFS currency to U.S. dollars . . . . . . . . .

c Enter the exchange rate used for converting from functional currency y to U.S. dollars . . . . . . .
AFS
Currency		 Functional
Currency		 Functional
Currency		 U.S. Dollars
**1 **
Net income or (loss) set forth on the applicable financial
statement .
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.		 1
2
Adjustments made to line 1 (see instructions):
**a **Statements covering different tax years .
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b
Consolidated financial statements .
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c
Reserved .
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d
Reserved .
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e
Reserved .
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f
Reserved .
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g
Treatment of dividends and other amounts .
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h
Treatment of partnerships
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i
Effectively connected income .
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j
Adjustments for certain taxes .
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k
Adjustments with respect to disregarded entities .
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l
Depreciation .
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m Other adjustments (see instructions) .
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.		 2a
2
Adjustments made to line 1 (see instructions):
**a **Statements covering different tax years .
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b
Consolidated financial statements .
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c
Reserved .
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d
Reserved .
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e
Reserved .
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f
Reserved .
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g
Treatment of dividends and other amounts .
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h
Treatment of partnerships
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i
Effectively connected income .
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j
Adjustments for certain taxes .
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k
Adjustments with respect to disregarded entities .
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l
Depreciation .
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m Other adjustments (see instructions) .
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.		 2b
2
Adjustments made to line 1 (see instructions):
**a **Statements covering different tax years .
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b
Consolidated financial statements .
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c
Reserved .
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d
Reserved .
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e
Reserved .
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f
Reserved .
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g
Treatment of dividends and other amounts .
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h
Treatment of partnerships
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i
Effectively connected income .
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j
Adjustments for certain taxes .
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k
Adjustments with respect to disregarded entities .
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l
Depreciation .
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m Other adjustments (see instructions) .
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.		 2c
2
Adjustments made to line 1 (see instructions):
**a **Statements covering different tax years .
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b
Consolidated financial statements .
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c
Reserved .
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d
Reserved .
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e
Reserved .
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f
Reserved .
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g
Treatment of dividends and other amounts .
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h
Treatment of partnerships
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i
Effectively connected income .
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j
Adjustments for certain taxes .
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k
Adjustments with respect to disregarded entities .
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l
Depreciation .
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m Other adjustments (see instructions) .
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.		 2d
2
Adjustments made to line 1 (see instructions):
**a **Statements covering different tax years .
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b
Consolidated financial statements .
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c
Reserved .
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d
Reserved .
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e
Reserved .
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f
Reserved .
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g
Treatment of dividends and other amounts .
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h
Treatment of partnerships
.
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i
Effectively connected income .
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j
Adjustments for certain taxes .
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k
Adjustments with respect to disregarded entities .
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l
Depreciation .
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m Other adjustments (see instructions) .
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.		 2e
2
Adjustments made to line 1 (see instructions):
**a **Statements covering different tax years .
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b
Consolidated financial statements .
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c
Reserved .
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d
Reserved .
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e
Reserved .
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f
Reserved .
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g
Treatment of dividends and other amounts .
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h
Treatment of partnerships
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.
i
Effectively connected income .
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.
j
Adjustments for certain taxes .
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.
k
Adjustments with respect to disregarded entities .
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.
l
Depreciation .
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m Other adjustments (see instructions) .
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.		 2f
2
Adjustments made to line 1 (see instructions):
**a **Statements covering different tax years .
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.
b
Consolidated financial statements .
.
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c
Reserved .
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d
Reserved .
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e
Reserved .
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f
Reserved .
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g
Treatment of dividends and other amounts .
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h
Treatment of partnerships
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.
i
Effectively connected income .
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j
Adjustments for certain taxes .
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k
Adjustments with respect to disregarded entities .
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l
Depreciation .
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.
m Other adjustments (see instructions) .
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.		 2g
2
Adjustments made to line 1 (see instructions):
**a **Statements covering different tax years .
.
.
.
.
.
.
b
Consolidated financial statements .
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.
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.
.
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.
c
Reserved .
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d
Reserved .
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e
Reserved .
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f
Reserved .
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g
Treatment of dividends and other amounts .
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.
.
h
Treatment of partnerships
.
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.
.
.
.
.
.
.
.
.
i
Effectively connected income .
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.
.
.
.
.
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.
.
j
Adjustments for certain taxes .
.
.
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.
k
Adjustments with respect to disregarded entities .
.
.
.
l
Depreciation .
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.
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.
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.
.
m Other adjustments (see instructions) .
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.
.
.		 2h
2
Adjustments made to line 1 (see instructions):
**a **Statements covering different tax years .
.
.
.
.
.
.
b
Consolidated financial statements .
.
.
.
.
.
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.
.
c
Reserved .
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d
Reserved .
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e
Reserved .
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f
Reserved .
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.
g
Treatment of dividends and other amounts .
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.
.
h
Treatment of partnerships
.
.
.
.
.
.
.
.
.
.
.
i
Effectively connected income .
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.
.
.
.
.
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.
.
j
Adjustments for certain taxes .
.
.
.
.
.
.
.
.
.
k
Adjustments with respect to disregarded entities .
.
.
.
l
Depreciation .
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.
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.
.
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.
.
m Other adjustments (see instructions) .
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.
.
.
.		 2i
2
Adjustments made to line 1 (see instructions):
**a **Statements covering different tax years .
.
.
.
.
.
.
b
Consolidated financial statements .
.
.
.
.
.
.
.
.
c
Reserved .
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d
Reserved .
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e
Reserved .
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f
Reserved .
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.
g
Treatment of dividends and other amounts .
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.
.
h
Treatment of partnerships
.
.
.
.
.
.
.
.
.
.
.
i
Effectively connected income .
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.
.
.
.
.
.
.
.
j
Adjustments for certain taxes .
.
.
.
.
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.
.
.
.
k
Adjustments with respect to disregarded entities .
.
.
.
l
Depreciation .
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.
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.
.
.
.
.
.
m Other adjustments (see instructions) .
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.
.
.
.		 2j
2
Adjustments made to line 1 (see instructions):
**a **Statements covering different tax years .
.
.
.
.
.
.
b
Consolidated financial statements .
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.
.
.
.
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.
c
Reserved .
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d
Reserved .
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e
Reserved .
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f
Reserved .
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.
g
Treatment of dividends and other amounts .
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.
.
h
Treatment of partnerships
.
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.
.
.
.
.
.
.
.
.
i
Effectively connected income .
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.
j
Adjustments for certain taxes .
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.
k
Adjustments with respect to disregarded entities .
.
.
.
l
Depreciation .
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.
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.
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.
.
.
m Other adjustments (see instructions) .
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.
.
.
.
.
.		 2k
2
Adjustments made to line 1 (see instructions):
**a **Statements covering different tax years .
.
.
.
.
.
.
b
Consolidated financial statements .
.
.
.
.
.
.
.
.
c
Reserved .
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d
Reserved .
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e
Reserved .
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f
Reserved .
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.
.
g
Treatment of dividends and other amounts .
.
.
.
.
.
h
Treatment of partnerships
.
.
.
.
.
.
.
.
.
.
.
i
Effectively connected income .
.
.
.
.
.
.
.
.
.
j
Adjustments for certain taxes .
.
.
.
.
.
.
.
.
.
k
Adjustments with respect to disregarded entities .
.
.
.
l
Depreciation .
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
m Other adjustments (see instructions) .
.
.
.
.
.
.
.		 2l
2
Adjustments made to line 1 (see instructions):
**a **Statements covering different tax years .
.
.
.
.
.
.
b
Consolidated financial statements .
.
.
.
.
.
.
.
.
c
Reserved .
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d
Reserved .
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e
Reserved .
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f
Reserved .
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.
.
g
Treatment of dividends and other amounts .
.
.
.
.
.
h
Treatment of partnerships
.
.
.
.
.
.
.
.
.
.
.
i
Effectively connected income .
.
.
.
.
.
.
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.
j
Adjustments for certain taxes .
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.
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.
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.
k
Adjustments with respect to disregarded entities .
.
.
.
l
Depreciation .
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m Other adjustments (see instructions) .
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.		 2m
3
Combine lines 2a through 2m (in U.S. dollars) .
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.
**4 **
CFC adjusted net income or loss in U.S. dollars (combine line 1 and line 3) .
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.
5
Filer’s pro rata share of line 4 in U.S. dollars
.
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.		 3
Combine lines 2a through 2m (in U.S. dollars) .
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.
.
.
**4 **
CFC adjusted net income or loss in U.S. dollars (combine line 1 and line 3) .
.
.
.
.
.
.
.
5
Filer’s pro rata share of line 4 in U.S. dollars
.
.
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.		 3
Combine lines 2a through 2m (in U.S. dollars) .
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**4 **
CFC adjusted net income or loss in U.S. dollars (combine line 1 and line 3) .
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5
Filer’s pro rata share of line 4 in U.S. dollars
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Combine lines 2a through 2m (in U.S. dollars) .
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**4 **
CFC adjusted net income or loss in U.S. dollars (combine line 1 and line 3) .
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5
Filer’s pro rata share of line 4 in U.S. dollars
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3
Combine lines 2a through 2m (in U.S. dollars) .
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**4 **
CFC adjusted net income or loss in U.S. dollars (combine line 1 and line 3) .
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5
Filer’s pro rata share of line 4 in U.S. dollars
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Combine lines 2a through 2m (in U.S. dollars) .
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**4 **
CFC adjusted net income or loss in U.S. dollars (combine line 1 and line 3) .
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5
Filer’s pro rata share of line 4 in U.S. dollars
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Combine lines 2a through 2m (in U.S. dollars) .
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**4 **
CFC adjusted net income or loss in U.S. dollars (combine line 1 and line 3) .
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5
Filer’s pro rata share of line 4 in U.S. dollars
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Combine lines 2a through 2m (in U.S. dollars) .
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**4 **
CFC adjusted net income or loss in U.S. dollars (combine line 1 and line 3) .
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5
Filer’s pro rata share of line 4 in U.S. dollars
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3
Combine lines 2a through 2m (in U.S. dollars) .
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**4 **
CFC adjusted net income or loss in U.S. dollars (combine line 1 and line 3) .
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5
Filer’s pro rata share of line 4 in U.S. dollars
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Combine lines 2a through 2m (in U.S. dollars) .
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**4 **
CFC adjusted net income or loss in U.S. dollars (combine line 1 and line 3) .
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5
Filer’s pro rata share of line 4 in U.S. dollars
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Combine lines 2a through 2m (in U.S. dollars) .
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**4 **
CFC adjusted net income or loss in U.S. dollars (combine line 1 and line 3) .
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5
Filer’s pro rata share of line 4 in U.S. dollars
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Combine lines 2a through 2m (in U.S. dollars) .
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**4 **
CFC adjusted net income or loss in U.S. dollars (combine line 1 and line 3) .
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5
Filer’s pro rata share of line 4 in U.S. dollars
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.		 5

For Paperwork Reduction Act Notice, see instructions. Cat. No. 94752N Schedule H-1 (Form 5471) (12-2024)

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