USA 1120S Shed K "Foreign Transaction"

[taxesanddeath]

https://www.irs.gov/pub/irs-pdf/i1120s.pdf

https://www.irs.gov/pub/irs-pdf/f1120s.pdf

On the 1120S Schedule K "Foreign Transactions" line 14 confuses me. Some of my income is foreign sourced (e-commerce).

Is filling this section required? Or only if I am requesting foreign tax credits or one of the shareholders sold personal property?

For example, if my S-Corp had 100k in sales in Canada 100k on line 14G and 14E? This section is incredibly confusing.

 

[BIG E]

Here's a link to the 1120S K-1 shareholder instructions that might help you

https://www.irs.gov/pub/irs-pdf/i1120ssk.pdf