Form 1120 is filed by U.S. domestic corporations. This example covers a scenario where a U.S. corporation purchases a rental real estate property. The corporation is owned 100% by a foreign corporation in the Cayman Islands, which requires an IRS Form 5472 attachment. The rental real estate activity creates a passive activity loss (PAL), which requires the IRS Form 8810 attachment.

For other Form 1120 & Form 5472 tutorials, see our playlists below.
Form 1120:    • Form 1120 (Corporate Tax) Tutorials  
Form 5472:    • Form 5472 Tutorials (NonU.S. Ownersh...  

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