Form 5472 line guide
Form 5472 line 1f and Part V: are contributions and distributions counted?
Does line 1f include owner contributions and distributions reported in Part V?
What the IRS says
Enter the total value in U.S. dollars of all foreign related party transactions reported in Parts IV and VI (and if the reporting corporation is a foreign-owned U.S. DE, Part V) of this Form 5472. This is the total of the amounts entered on lines 22 and 36 of Part IV plus the fair market value (FMV) of the nonmonetary and less than full consideration transactions reported in Part VI.
You must check the box in Part V if you are a foreign-owned DE that had any other transaction, as defined by Regulations section 1.482-1(i)(7) not already entered in Part IV. These transactions include amounts paid or received in connection with the formation, dissolution, acquisition, and disposition of the entity, including contributions to, and distributions from, the entity. Describe these on an attached statement.
In plain language
The first sentence of the line 1f instruction says the total covers transactions reported in Parts IV and VI and, for a foreign-owned U.S. DE, Part V. The second sentence describes the figure as lines 22 and 36 plus Part VI, without mentioning Part V.
Those two sentences can be read two ways, and the difference changes the number printed on lines 1f and 1h for anyone who reports a contribution or distribution. This guide does not pick a reading.
IRS sources
Quoted text last compared with the IRS document on 2026-10-03. The IRS can revise its forms and instructions; check the current version before you rely on anything here.
What Fylit does
Fylit currently provides educational resources about this filing. It does not determine your filing obligations or prepare your return.
Want Fylit to help with this workflow in the future?
Join the Form 5472 tools waitlist. There is no release date and no promise that any tool will be built. This is how we find out whether enough people want one.
Fylit is an educational resource. Nothing here is tax or legal advice, and nothing here determines whether you personally must file anything. Fylit does not prepare returns, fill in forms from your facts, or file anything. Fylit is not the IRS and is not affiliated with, endorsed by, or sponsored by the IRS or any government agency. Check the IRS's current forms and instructions, and ask a qualified professional about your own situation. Legal disclosures