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What transactions should be reported on line 4 of the “Additional Information Required” section?

April 26, 2017line reported section transactions

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What transactions should be reported on line 4 of the “Additional Information Required” section?

1 Answer

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10 Posted

You must report the amount of sales made to related parties and purchases made from related parties. Management fees, interest expense, and royalties paid to related parties and interest income received from related parties should also be reported in the appropriate spaces.