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Instructions and help about form 5471 schedule j example

hi this is John with PDF tax calm we have on the screen here form 1120 the u.s. corporation income tax return and this is the official government form that we're looking at it was downloaded from IRS gov and it's been enhanced in a couple ways the most obvious one is the yellow navigation buttons that you see these buttons are visible on the screen but if you were to print the paper copy they would not print so you could actually use this to file your return with the IRS if you wanted to since it's the official government form the other thing we've done is we've added some calculations here so if I was to enter 350 right there that carries down automatically to line 11 for you which is pretty nice and so let's work with this a little bit to see how it works I have created a fictitious company Seattle leather works and they make leather products such as leather handbags and that type of thing so we've already entered the sale so let's go to the let the end of the cost of goods sold and

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