How to Set Up a Reportable Transactions Ledger for Form 5472
A lightweight ledger setup that makes Form 5472 Part V/VI fast and accurate every year.
February 25, 2026
6 min read
How to Set Up a Reportable Transactions Ledger for Form 5472
Form 5472 is only as accurate as the transactions you track. A simple ledger that captures owner-related activity throughout the year makes Part V/VI easy at filing time.
Transaction ledger
What to track
Include every transaction between your LLC and related foreign parties:
Owner contributions and distributions
Reimbursements, fees, and expense payments
Loans, interest, or related-party services
The minimum ledger fields
A clean ledger only needs a few columns:
Date
Amount
Transaction type (contribution, distribution, reimbursement, fee)
Counterparty
Notes
How ForeignOwnedLLC helps
ForeignOwnedLLC includes a reportable-transactions ledger built for Form 5472. Entries roll into the Part V/VI statement automatically, so your year-end totals are ready when you are.
If you want Form 5472 to be a five-minute task instead of a spreadsheet sprint, keep your ledger inside ForeignOwnedLLC.
