Follow these steps:
- Go to the Information Return of US Persons (5471) screen:
- Screen 68 (Individual)
- Screen 48 (Partnership)
- Screen 63 (Corporate)
- Screen 56 (S Corporate)
- Screen 66 (Fiduciary)
- Screen 81 (Exempt organization)
- In the Filer's Information subsection, select the applicable Category Filer boxes for Schedule B:
- Category 3 filer
- Category 4 filer
- Only Category 3 and 4 filers are required to complete Schedule B.
- If Category 3 or 4 isn't checked, Schedule B won't generate.
- Select Sch. B - US Shareholder of Foreign Corporation from the top left panel.
- Enter the Filer name or number (MANDATORY if multiple filers) (Ctrl+T).
- Complete all other applicable information.
For more information refer to Generating Form 5471, Information Return of US Persons in Lacerte.