Good day!

CFC distributed an amount to the US Shareholder this 2020. The distribution was from the CFC's income previously taxed as GILTI in 2019.

I understand this distribution is nontaxable. But how do you present this in the taxpayer's return, other than in Form 5471? Do I have to show it in Schedule B and mark it as nontaxable somehow?

Thank you for your help.