With respect to the January 2023 revision of the instructions for Form 5471: On page 1, middle column, there is a "What's New" item under the heading "Changes to separate Schedule Q" that pertains to new columns (xv) and (xvi). This "What's New" item, 4th paragraph, should read as follows. Columns (xv) and (xvi) are added for reporting of loss allocations. These new columns have been added to reflect Regulations sections 1.952-1(c) and (e) and 1.951A-6.
