SCHEDULE Q 

(Form 5471)

(Rev. December 2023)

CFC Income by CFC Income Groups

Department of the Treasury 

Internal Revenue Service

Attach to Form 5471. 

Go to www.irs.gov/Form5471 for instructions and the latest information.

OMB No. 1545-0123

Name of person filing Form 5471 Identifying number

Name of foreign corporation EIN (if any) Reference ID number (see instructions)

Complete a separate Schedule Q with respect to each applicable category of income (see instructions).

A Enter separate category code with respect to which this Schedule Q is being completed (see instructions for codes) . . . . . . . . . .

B If category code “PAS” is entered on line A, enter the applicable grouping code (see instructions) . . . . . . . . . . . . . . . . .

C If code “901j” is entered on line A, enter the country code for the sanctioned country (see instructions) . . . . . . . . . . . . . . .

Complete a separate Schedule Q for U.S. source income and foreign source income (see instructions for an exception).

D Indicate whether this Schedule Q is being completed for: U.S. source income or Foreign source income

Complete a separate Schedule Q for FOGEI or FORI income.

E If this Schedule Q is being completed for FOGEI or FORI income, check this box . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Enter amounts in functional currency 

of the foreign corporation (unless 

otherwise noted).

(i) 

Country 

Code

(ii)

Gross Income 

(iii)

Definitely Related 

Expenses

(iv)

Related Person 

Interest Expense

(v)

Other Interest 

Expense

(vi) 

Research & Experimental 

Expenses

(vii) 

Other Expenses 

(attach statement)

1 Subpart F Income Groups

a Dividends, Interest, Rents, 

Royalties, & Annuities (Total) .

(1) Unit name:

(2) Unit name:

b Net Gain From Certain Property 

Transactions (Total) . . . .

(1) Unit name:

(2) Unit name:

c Net Gain From Commodities 

Transactions (Total) . . . .

(1) Unit name:

(2) Unit name:

d Net Foreign Currency Gain (Total) 

(1) Unit name:

(2) Unit name:

e Income Equivalent to Interest (Total)

(1) Unit name:

(2) Unit name:

f Other Foreign Personal Holding 

Company Income (Total) (attach 

statement—see instructions) .

(1) Unit name:

(2) Unit name:

Important: See Computer-Generated Schedule Q in instructions.

For Paperwork Reduction Act Notice, see instructions. Cat. No. 73414U Schedule Q (Form 5471) (Rev. 12-2023)
Schedule Q (Form 5471) (Rev. 12-2023) Page 2

Important: See Computer-Generated Schedule Q in instructions.

Schedule Q (Form 5471) (Rev. 12-2023)

(viii) 

Current Year Tax on 

Reattributed Income 

From Disregarded 

Payments

(ix) 

Current Year Tax on 

All Other Disregarded 

Payments

(x) 

Other Current 

Year Taxes

(xi) 

Net Income 

(column (ii) less 

columns (iii) through (x))

(xii) 

Foreign Taxes for 

Which Credit Allowed 

(U.S. Dollars)

(xiii) 

Average Asset Value

(xiv) 

High 

Tax 

Election

(xv)

Loss Allocation

(xvi)

Net Income After 

Loss Allocation 

(column (xi) minus 

column (xv))

1

a

(1)

(2)

b

(1)

(2)

c

(1)

(2)

d

(1)

(2)

e

(1)

(2)

f

(1)

(2)
Schedule Q (Form 5471) (Rev. 12-2023) Page 3

Enter amounts in functional currency 

of the foreign corporation (unless 

otherwise noted).

(i)

Country 

Code

(ii) 

Gross Income 

(iii)

Definitely Related 

Expenses

(iv)

Related Person 

Interest Expense

(v) 

Other Interest 

Expense

(vi) 

Research & Experimental 

Expenses

(vii) 

Other Expenses 

(attach statement)

1 Subpart F Income Groups

g Foreign Base Company Sales 

Income (Total) . . . . . .

(1) Unit name:

(2) Unit name:

h Foreign Base Company Services 

Income (Total) . . . . . .

(1) Unit name:

(2) Unit name:

i Full Inclusion Foreign Base 

Company Income (Total) . . .

(1) Unit name:

(2) Unit name:

j Insurance Income (Total) . . .

(1) Unit name:

(2) Unit name:

k International Boycott Income .

l Bribes, Kickbacks, and Other 

Payments . . . . . . . .

m Section 901(j) income . . . .

2 Recaptured Subpart F Income .

3 Tested Income Group (Total) .

(1) Unit name:

(2) Unit name:

4 Residual Income Group (Total) .

(1) Unit name:

(2) Unit name:

5 Total . . . . . . . . .

Important: See Computer-Generated Schedule Q in instructions.

Schedule Q (Form 5471) (Rev. 12-2023)
Schedule Q (Form 5471) (Rev. 12-2023) Page 4

(viii) 

Current Year Tax on 

Reattributed Income 

From Disregarded 

Payments

(ix) 

Current Year Tax on 

All Other Disregarded 

Payments

(x) 

Other Current 

Year Taxes

(xi) 

Net Income 

(column (ii) less 

columns (iii) through (x))

(xii) 

Foreign Taxes for 

Which Credit Allowed 

(U.S. Dollars)

(xiii) 

Average Asset Value

(xiv) 

High 

Tax 

Election

(xv)

Loss Allocation

(xvi)

Net Income After 

Loss Allocation 

(column (xi) minus 

column (xv))

1

g

(1)

(2)

h

(1)

(2)

i

(1)

(2)

j

(1)

(2)

k

l

m

2

3

(1)

(2)

4

(1)

(2)

5

Important: See Computer-Generated Schedule Q in instructions.

Schedule Q (Form 5471) (Rev. 12-2023)