Form 5472 filing requirements for foreign-owned DAO LLC
I own a DAO LLC registered in the United States that is foreign-owned and treated as a disregarded entity. The company operates mainly with cryptocurrency and blockchain activities. I would like to know if I must file Form 5472 together with a pro forma Form 1120, what transactions must be reported, and if crypto transfers between the owner and the LLC are considered reportable transactions.
Quick Answer:
Yes, you must file Form 5472 along with a pro forma Form 1120 for your foreign-owned disregarded DAO LLC. This requirement applies even if the entity has no U
Note: This answer is provided for convenience only. It is important that you speak to a CPA about your individual tax situation.
