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Why didnt the form 571 from 2019 roll up into the file for 2020?

ExPat Vet CPA
Level 1
CFC Form 5471 is a dozen pages... a pain to reproduce every year.

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3 Comments 3
abctax55
Level 15

Others have asked:

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/form-5471-data-from-201...

"*******Tax software is no substitute for a professional tax preparer*******
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PATAX
Level 15

May not be a top priority for Intuit since majority of tax preparers probably do not need that form...

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MJB1977
Level 1

All of the Form 5471 data transferred from 2019 Form 1120 module to 2020 Form 1120 module. However nothing transfers from the 2019 Form 1040 module to the 2020 Form 1040 module. ProSeries was the last tax software to include the Form 5471 series and now it looks like they can't even do the basic programming of transferring all data from one year to the next.