How do I map my monthly bookkeeping to Form 5472 — which transactions go on Part IV vs Part V?
I want my bookkeeping to flow cleanly into Form 5472 instead of scrambling at filing time. For a foreign-owned disregarded LLC, which related-party transactions go in Part IV (the monetary lines) and which go in Part V? I get confused about where owner capital contributions and distributions belong, since they aren't really 'payments.' How should I tag entries during the month?
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