IRS · Official form

Form 1118, Foreign Tax Credit, Corporations

Form 1118 is the corporate counterpart to Form 1116: corporations use it to compute their foreign tax credit for taxes paid or accrued to foreign countries or US possessions. Fill in the official IRS PDF below.

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This is the genuine IRS PDF, unmodified. Source: IRS official page.

What is 1118?

Form 1118, Foreign Tax Credit, Corporations, is how a corporation computes the credit that offsets US tax on income already taxed abroad. It is one of the longer IRS forms: separate schedules build up foreign source income by category, allocate deductions, list the foreign taxes paid, accrued, and deemed paid, and apply the limitation on the credit.

A separate Form 1118 is completed for each category of income, such as general category income, passive category income, GILTI, and foreign branch income. Additional schedules cover foreign oil and gas taxes, carryover reconciliation, and foreign tax redeterminations.

Who files 1118?

US corporations claiming a credit for income taxes paid or accrued to foreign countries
Corporations with foreign branches, subsidiaries, or foreign source investment income
Corporations claiming deemed-paid credits for taxes of foreign subsidiaries
Filers attach it to Form 1120 or the corporation’s other income tax return

How to fill out 1118

Complete a separate Form 1118 for each applicable category of income, checking the category box at the top.
Build up foreign source gross income and allocate deductions on Schedule A to get foreign taxable income by country.
Report foreign taxes paid, accrued, and deemed paid on Schedules B and C, converting amounts to US dollars.
Apply the credit limitation and summarize the allowed credit, using Schedule K to reconcile any carryovers.
Download the PDF and attach every required schedule to the corporation’s income tax return; most corporate returns are e-filed with the form included.

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Page 1 121 fields

For calendar year 20

, or other tax year beginning

, 20. 2 digit year. , 20

, and ending

, 20. 2 digit year. , 20

Name of corporation

Employer identification number

Use a separate Form 1118 for each applicable category of income (see instructions). a. Separate Category (Enter code—see instructions.).

b. If code 901j is entered on line a, enter the country code for the sanctioned country (see instructions).

c. If one of the R B T codes is entered on line a, enter the country code for the treaty country (see instructions).

Column: 1(a). E I N or Reference I D Number (see instructions).

Row: A. Column: 1(b). Code*. * For section 863(b) income, N O Ls, income from R I Cs, high-taxed income, section 951A, and reattribution of

Row: A. Column: 2. Foreign Country or U.S. Territory (enter two-letter code—use a separate line for each) (see instructions).

Row: A. Column: Gross Income or (Loss) From Sources Outside the United States. 3. Inclusions Under Sections 951(a)(1) and 951A (see

Row: A. Column: Gross Income or (Loss) From Sources Outside the United States. 4. Dividends (see instructions).

Row: A. Column: Gross Income or (Loss) From Sources Outside the United States. 5. Interest.

Row: B. Column: 1(a). E I N or Reference I D Number (see instructions).

Row: A. Column: 1(b). Code*.

Row: B. Column: 2. Foreign Country or U.S. Territory (enter two-letter code—use a separate line for each) (see instructions).

Row: B. Column: 3. Inclusions Under Sections 951(a)(1) and 951A (see instructions). (a) Exclude Gross-Up.

Row: B. Column: 3. Inclusions Under Sections 951(a)(1) and 951A (see instructions). (b) Gross-Up (section 78).

Row: B. Column: 4. Dividends (see instructions).

Row: B. Column: 5. Interest.

Row: C. Column: 1(a). E I N or Reference I D Number (see instructions).

Row: A. Column: 1(b). Code*.

Row: C. Column: 2. Foreign Country or U.S. Territory (enter two-letter code—use a separate line for each) (see instructions).

Row: C. Column: 3. Inclusions Under Sections 951(a)(1) and 951A (see instructions). (a) Exclude Gross-Up.

Row: C. Column: 3. Inclusions Under Sections 951(a)(1) and 951A (see instructions). (b) Gross-Up (section 78).

Row: C. Column: 4. Dividends (see instructions).

Row: C. Column: 5. Interest.

Row: Totals (add lines A through C). Column: 3. Inclusions Under Sections 951(a)(1) and 951A (see instructions). (a) Exclude Gross-Up.

Row: Totals. Column: 3. Inclusions Under Sections 951(a)(1) and 951A (see instructions). (b) Gross-Up (section 78).

Row: Totals. Column: 4. Dividends.

Row: Totals. Column: 5. Interest.

Row: A. Column: 6. Gross Rents, Royalties, and License Fees.

Row: A. Column: 7. Sales.

Row: A. Column: 8. Gross Income From Performance of Services.

Row: A. Column: 9. Currency Gain.

Row: A. Column: 10. Currency Gain Code (see instructions).

Row: A. Column: 11. Other (attach schedule).

Row: A. Column: 12. Total (add columns 3(a) through 9 and 11).

Row: B. Column: 6. Gross Rents, Royalties, and License Fees.

Row: B. Column: 7. Sales.

Row: B. Column: 8. Gross Income From Performance of Services.

Row: B. Column: 9. Currency Gain.

Row: B. Column: 10. Currency Gain Code (see instructions).

Row: B. Column: 11. Other (attach schedule).

Row: B. Column: 12. Total (add columns 3(a) through 9 and 11).

Row: C. Column: 6. Gross Rents, Royalties, and License Fees.

Row: C. Column: 7. Sales.

Row: C. Column: 8. Gross Income From Performance of Services.

Row: C. Column: 9. Currency Gain.

Row: C. Column: 10. Currency Gain Code (see instructions).

Row: C. Column: 11. Other (attach schedule).

Row: C. Column: 12. Total (add columns 3(a) through 9 and 11).

Row: Totals. Column: 6. Gross Rents, Royalties, and License Fees.

Row: Totals. Column: 7. Sales.

Row: Totals. Column: 8. Gross Income From Performance of Services.

Row: Totals. Column: 9. Currency Gain.

Row: Totals. Column: 11. Other (attach schedule).

Row: Totals. Column: 12. Total.

Row: A. Column: 13. Allocable Deductions. (a) Dividends Received Deduction (see instructions).

Row: A. Column: 13. Allocable Deductions. (b) Deduction Allowed Under Section 250(a)(1)(A)—Foreign Derived Intangible Income.

Row: A. Column: 13. Allocable Deductions. (c) Deduction Allowed Under Section 250(a)(1)(B)—Global Intangible Low-Taxed Income.

Row: A. Column: 13. Allocable Deductions. Rental, Royalty, and Licensing Expenses. (d) Depreciation, Depletion, and Amortization.

Row: A. Column: 13. Allocable Deductions. Rental, Royalty, and Licensing Expenses. (e) Other Allocable Expenses.

Row: A. Column: 13. Allocable Deductions. (f) Expenses Allocable to Sales Income.

Row: A. Column: 13. Allocable Deductions. (g) Expenses Allocable to Gross Income From Performance of Services.

Row: B. Column: 13. Allocable Deductions. (a) Dividends Received Deduction (see instructions).

Row: B. Column: 13. Allocable Deductions. (b) Deduction Allowed Under Section 250(a)(1)(A)—Foreign Derived Intangible Income.

Row: B. Column: 13. Allocable Deductions. (c) Deduction Allowed Under Section 250(a)(1)(B)—Global Intangible Low-Taxed Income.

Row: B. Column: 13. Allocable Deductions. Rental, Royalty, and Licensing Expenses. (d) Depreciation, Depletion, and Amortization.

Row: B. Column: 13. Allocable Deductions. Rental, Royalty, and Licensing Expenses. (e) Other Allocable Expenses.

Row: B. Column: 13. Allocable Deductions. (f) Expenses Allocable to Sales Income.

Row: B. Column: 13. Allocable Deductions. (g) Expenses Allocable to Gross Income From Performance of Services.

Row: C. Column: 13. Allocable Deductions. (a) Dividends Received Deduction (see instructions).

Row: C. Column: 13. Allocable Deductions. (b) Deduction Allowed Under Section 250(a)(1)(A)—Foreign Derived Intangible Income.

Row: C. Column: 13. Allocable Deductions. (c) Deduction Allowed Under Section 250(a)(1)(B)—Global Intangible Low-Taxed Income.

Row: C. Column: 13. Allocable Deductions. Rental, Royalty, and Licensing Expenses. (d) Depreciation, Depletion, and Amortization.

Row: C. Column: 13. Allocable Deductions. Rental, Royalty, and Licensing Expenses. (e) Other Allocable Expenses.

Row: C. Column: 13. Allocable Deductions. (f) Expenses Allocable to Sales Income.

Row: C. Column: 13. Allocable Deductions. (g) Expenses Allocable to Gross Income From Performance of Services.

Row: Totals. Column: 13. Allocable Deductions. (a) Dividends Received Deduction (see instructions).

Row: Totals. Column: 13. Allocable Deductions. (b) Deduction Allowed Under Section 250(a)(1)(A)—Foreign Derived Intangible Income.

Row: Totals. Column: 13. Allocable Deductions. (c) Deduction Allowed Under Section 250(a)(1)(B)—Global Intangible Low-Taxed Income.

Row: Totals. Column: 13. Allocable Deductions. Rental, Royalty, and Licensing Expenses. (d) Depreciation, Depletion, and Amortization.

Row: Totals. Column: 13. Allocable Deductions. Rental, Royalty, and Licensing Expenses. (e) Other Allocable Expenses.

Row: Totals. Column: 13. Allocable Deductions. (f) Expenses Allocable to Sales Income.

Row: Totals. Column: 13. Allocable Deductions. (g) Expenses Allocable to Gross Income From Performance of Services.

Row: A. Column: 13. Allocable Deductions (continued). (h) Currency Loss.

Row: A. Column: 13. Allocable Deductions (continued). (i) Currency Loss Code (see instructions).

Row: A. Column: 13. Allocable Deductions (continued). (j) Other Allocable Deductions (attach schedule) (see instructions).

Row: A. Column: 13. Allocable Deductions (continued). (k) Total Allocable Deductions (add columns 13(a) through 13(h) and 13(j)).

Row: A. Column: 14. Apportioned Share of Deductions (enter amount from applicable line of Schedule H, Part I, column (b); Part I I, column

Row: A. Column: 15. Net Operating Loss Deduction.

Row: A. Column: 16. Total Deductions (add columns 13(k) through 15).

Row: A. Column: 17. Total Income or (Loss) Before Adjustments (subtract column 16 from column 12).

Row: B. Column: 13. Allocable Deductions (continued). (h) Currency Loss.

Row: B. Column: 13. Allocable Deductions (continued). (i) Currency Loss Code (see instructions).

Row: B. Column: 13. Allocable Deductions (continued). (j) Other Allocable Deductions (attach schedule) (see instructions).

Row: B. Column: 13. Allocable Deductions (continued). (k) Total Allocable Deductions (add columns 13(a) through 13(h) and 13(j)).

Row: B. Column: 14. Apportioned Share of Deductions (enter amount from applicable line of Schedule H, Part I, column (b); Part I I, column

Row: B. Column: 15. Net Operating Loss Deduction.

Row: B. Column: 16. Total Deductions (add columns 13(k) through 15).

Row: B. Column: 17. Total Income or (Loss) Before Adjustments (subtract column 16 from column 12).

Row: C. Column: 13. Allocable Deductions (continued). (h) Currency Loss.

Row: C. Column: 13. Allocable Deductions (continued). (i) Currency Loss Code (see instructions).

Row: C. Column: 13. Allocable Deductions (continued). (j) Other Allocable Deductions (attach schedule) (see instructions).

Row: C. Column: 13. Allocable Deductions (continued). (k) Total Allocable Deductions (add columns 13(a) through 13(h) and 13(j)).

Row: C. Column: 14. Apportioned Share of Deductions (enter amount from applicable line of Schedule H, Part I, column (b); Part I I, column

Row: C. Column: 15. Net Operating Loss Deduction.

Row: C. Column: 16. Total Deductions (add columns 13(k) through 15).

Row: C. Column: 17. Total Income or (Loss) Before Adjustments (subtract column 16 from column 12).

Row: Totals. Column: 13. Allocable Deductions (continued). (h) Currency Loss.

Row: Totals. Column: 13. Allocable Deductions (continued). (j) Other Allocable Deductions.

Row: Totals. Column: 13. Allocable Deductions (continued). (k) Total Allocable Deductions.

Row: Totals. Column: 14. Apportioned Share of Deductions.

Row: Totals. Column: 15. Net Operating Loss Deduction.

Row: Totals. Column: 16. Total Deductions.

Row: Totals. Column: 17. Total Income or (Loss) Before Adjustments.

Page 2 73 fields

Paid

Accrued

2. Foreign Taxes Paid or Accrued (attach schedule showing amounts in foreign currency and conversion rate(s) used). Tax Withheld at Source

Row: A. Column: 1. Credit is Claimed for Taxes: Accrued. Date Accrued.

Row: A. Column: 2. Foreign Taxes Paid or Accrued. (a) Dividends.

Row: A. Column: 2. Foreign Taxes Paid or Accrued. (b)(1) Distributions of Previously Taxed Earnings and Profits.

Row: A. Column: 2. Foreign Taxes Paid or Accrued. (b)(2) P T E P Group (see instructions).

Row: A. Column: 2. Foreign Taxes Paid or Accrued. (c) Branch Remittances.

Row: A. Column: 2. Foreign Taxes Paid or Accrued. (d) Interest.

Row: A. Column: 2. Foreign Taxes Paid or Accrued. (e) Rents, Royalties, and License Fees.

Row: A. Column: 2. Foreign Taxes Paid or Accrued. (f) Other.

Row: B. Column: 1. Credit is Claimed for Taxes: Paid. Date Paid.

Row: B. Column: 1. Credit is Claimed for Taxes: Accrued. Date Accrued.

Row: B. Column: 2. Foreign Taxes Paid or Accrued. (a) Dividends.

Row: B. Column: 2. Foreign Taxes Paid or Accrued. (b)(1) Distributions of Previously Taxed Earnings and Profits.

Row: B. Column: 2. Foreign Taxes Paid or Accrued. (b)(2) P T E P Group (see instructions).

Row: B. Column: 2. Foreign Taxes Paid or Accrued. (c) Branch Remittances.

Row: B. Column: 2. Foreign Taxes Paid or Accrued. (d) Interest.

Row: B. Column: 2. Foreign Taxes Paid or Accrued. (e) Rents, Royalties, and License Fees.

Row: B. Column: 2. Foreign Taxes Paid or Accrued. (f) Other.

Row: C. Column: 1. Credit is Claimed for Taxes: Paid. Date Paid.

Row: C. Column: 1. Credit is Claimed for Taxes: Accrued. Date Accrued.

Row: C. Column: 2. Foreign Taxes Paid or Accrued. (a) Dividends.

Row: C. Column: 2. Foreign Taxes Paid or Accrued. (b)(1) Distributions of Previously Taxed Earnings and Profits.

Row: C. Column: 2. Foreign Taxes Paid or Accrued. (b)(2) P T E P Group (see instructions).

Row: C. Column: 2. Foreign Taxes Paid or Accrued. (c) Branch Remittances.

Row: C. Column: 2. Foreign Taxes Paid or Accrued. (d) Interest.

Row: C. Column: 2. Foreign Taxes Paid or Accrued. (e) Rents, Royalties, and License Fees.

Row: C. Column: 2. Foreign Taxes Paid or Accrued. (f) Other.

Row: Totals (add lines A through C). Column: 2. Foreign Taxes Paid or Accrued. (a) Dividends.

Row: Totals. Column: 2. Foreign Taxes Paid or Accrued. (b)(1) Distributions of Previously Taxed Earnings and Profits.

Row: Totals. Column: 2. Foreign Taxes Paid or Accrued. (b)(2) P T E P Group (see instructions).

Row: Totals. Column: 2. Foreign Taxes Paid or Accrued. (c) Branch Remittances.

Row: Totals. Column: 2. Foreign Taxes Paid or Accrued. (d) Interest.

Row: Totals. Column: 2. Foreign Taxes Paid or Accrued. (e) Rents, Royalties, and License Fees.

Row: Totals. Column: 2. Foreign Taxes Paid or Accrued. (f) Other.

2. Foreign Taxes Paid or Accrued (attach schedule showing amounts in foreign currency and conversion rate(s) used) (continued). Other

Row: A. Column: 2. Foreign Taxes Paid or Accrued. (h) Services Income.

Row: A. Column: 2. Foreign Taxes Paid or Accrued. (i) Other.

Row: A. Column: 2. Foreign Taxes Paid or Accrued. (j) Total Foreign Taxes Paid or Accrued (add columns 2(a) through 2(i)).

Row: A. Column: 3. Tax Deemed Paid (see instructions).

Row: B. Column: 2. Foreign Taxes Paid or Accrued. (g) Sales.

Row: B. Column: 2. Foreign Taxes Paid or Accrued. (h) Services Income.

Row: B. Column: 2. Foreign Taxes Paid or Accrued. (i) Other.

Row: B. Column: 2. Foreign Taxes Paid or Accrued. (j) Total Foreign Taxes Paid or Accrued (add columns 2(a) through 2(i)).

Row: B. Column: 3. Tax Deemed Paid (see instructions).

Row: C. Column: 2. Foreign Taxes Paid or Accrued. (g) Sales.

Row: C. Column: 2. Foreign Taxes Paid or Accrued. (h) Services Income.

Row: C. Column: 2. Foreign Taxes Paid or Accrued. (i) Other.

Row: C. Column: 2. Foreign Taxes Paid or Accrued. (j) Total Foreign Taxes Paid or Accrued (add columns 2(a) through 2(i)).

Row: C. Column: 3. Tax Deemed Paid (see instructions).

Row: Totals. Column: 2. Foreign Taxes Paid or Accrued. (g) Sales.

Row: Totals. Column: 2. Foreign Taxes Paid or Accrued. (h) Services Income.

Row: Totals. Column: 2. Foreign Taxes Paid or Accrued. (i) Other.

Row: Totals. Column: 2. Foreign Taxes Paid or Accrued. (j) Total Foreign Taxes Paid or Accrued.

Row: Totals. Column: 3. Tax Deemed Paid.

Total foreign taxes paid or accrued (total from Part I, column 2(j)).

1b. Foreign taxes paid or accrued by the corporation during prior tax years that were suspended due to the rules of section 909 and for

2. Total taxes deemed paid (total from Part I, column 3).

3. Open parenthesis. Reductions of taxes paid, accrued, or deemed paid (enter total from Schedule G, Part I). Close parenthesis.

4. Taxes reclassified under high-tax kickout.

5. Enter the sum of any carryover of foreign taxes (from Schedule K, line 3, column (x i v), and from Schedule I, Part I I I, line 3) plus

6. Total foreign taxes (combine lines 1a through 5).

7. Enter the amount from the applicable column of Schedule J, Part I, line 11 (see instructions). If Schedule J is not required to be

8a. Total taxable income from all sources (enter taxable income from the corporation’s tax return).

8b. Adjustments to line 8a (see instructions).

8c. Subtract line 8b from line 8a.

9. Divide line 7 by line 8c. Enter the resulting fraction as a decimal (see instructions). If line 7 is greater than line 8c, enter 1.

10. Total U.S. income tax against which credit is allowed (regular tax liability (see section 26(b)) minus any American Samoa economic

11. Multiply line 9 by line 10.

12. Increase in limitation (section 960(c)).

13. Credit limitation (add lines 11 and 12) (see instructions).

14. Separate foreign tax credit (enter the smaller of line 6 or line 13). Enter here and on the appropriate line of Part I I I.

Page 3 101 fields

Do not include taxes paid to sanctioned countries.) 1. Credit for taxes on section 951A category income.

2. Credit for taxes on foreign branch category income.

3. Credit for taxes on passive category income.

4. Credit for taxes on general category income.

5. Credit for taxes on section 901(j) category income (combine all such credits on this line).

6. Credit for taxes on income re-sourced by treaty (combine all such credits on this line).

7. Total (add lines 1 through 6).

8. Enter the smaller of Schedule B, Part I I, line 10, or Schedule B, Part I I I, line 7.

9. Reduction in credit for international boycott operations (see instructions).

10. Total foreign tax credit (subtract line 9 from line 8). Enter here and on the appropriate line of the corporation’s tax return.

For each line in Schedule C, include the column 10 amount in column 3 of the line in Schedule B, Part I, that corresponds with the

Row: 1. Column: 1b. E I N or Reference I D Number of the Foreign Corporation (see instructions).

Row: 1. Column: 1c. Tested Unit Reference I D (if applicable).

Row: 2. Column: 1a. Name of Foreign Corporation.

Row: 2. Column: 1b. E I N or Reference I D Number of the Foreign Corporation (see instructions).

Row: 2. Column: 1c. Tested Unit Reference I D (if applicable).

Row: 3. Column: 1a. Name of Foreign Corporation.

Row: 3. Column: 1b. E I N or Reference I D Number of the Foreign Corporation (see instructions).

Row: 3. Column: 1c. Tested Unit Reference I D (if applicable).

Row: 4. Column: 1a. Name of Foreign Corporation.

Row: 4. Column: 1b. E I N or Reference I D Number of the Foreign Corporation (see instructions).

Row: 4. Column: 1c. Tested Unit Reference I D (if applicable).

Row: 5. Column: 1a. Name of Foreign Corporation.

Row: 5. Column: 1b. E I N or Reference I D Number of the Foreign Corporation (see instructions).

Row: 5. Column: 1c. Tested Unit Reference I D (if applicable).

Row: 6. Column: 1a. Name of Foreign Corporation.

Row: 6. Column: 1b. E I N or Reference I D Number of the Foreign Corporation (see instructions).

Row: 6. Column: 1c. Tested Unit Reference I D (if applicable).

Row: 1. Column: 2. Tax Year End (Year/Month) (see instructions).

Row: 1. Column: 3. Country of Incorporation (enter country code—see instructions).

Row: 1. Column: 4. Functional Currency of Foreign Corporation (enter code—see instructions).

Row: 1. Column: 5. Subpart F Income Group. (a) Reg. sec. 1.960-1(d)(2)(i i)(B)(2)(enter code).

Row: 1. Column: 5. Subpart F Income Group. (b) Reg. sec. 1.904-4(c)(3)(i)-(i v) (enter code).

Row: 1. Column: 5. Subpart F Income Group. (c) Unit.

Row: 2. Column: 2. Tax Year End (Year/Month) (see instructions).

Row: 2. Column: 3. Country of Incorporation (enter country code—see instructions).

Row: 2. Column: 4. Functional Currency of Foreign Corporation (enter code—see instructions).

Row: 2. Column: 5. Subpart F Income Group. (a) Reg. sec. 1.960-1(d)(2)(i i)(B)(2)(enter code).

Row: 2. Column: 5. Subpart F Income Group. (b) Reg. sec. 1.904-4(c)(3)(i)-(i v) (enter code).

Row: 2. Column: 5. Subpart F Income Group. (c) Unit.

Row: 3. Column: 2. Tax Year End (Year/Month) (see instructions).

Row: 3. Column: 3. Country of Incorporation (enter country code—see instructions).

Row: 3. Column: 4. Functional Currency of Foreign Corporation (enter code—see instructions).

Row: 3. Column: 5. Subpart F Income Group. (a) Reg. sec. 1.960-1(d)(2)(i i)(B)(2)(enter code).

Row: 3. Column: 5. Subpart F Income Group. (b) Reg. sec. 1.904-4(c)(3)(i)-(i v) (enter code).

Row: 3. Column: 5. Subpart F Income Group. (c) Unit.

Row: 4. Column: 2. Tax Year End (Year/Month) (see instructions).

Row: 4. Column: 3. Country of Incorporation (enter country code—see instructions).

Row: 4. Column: 4. Functional Currency of Foreign Corporation (enter code—see instructions).

Row: 4. Column: 5. Subpart F Income Group. (a) Reg. sec. 1.960-1(d)(2)(i i)(B)(2)(enter code).

Row: 4. Column: 5. Subpart F Income Group. (b) Reg. sec. 1.904-4(c)(3)(i)-(i v) (enter code).

Row: 4. Column: 5. Subpart F Income Group. (c) Unit.

Row: 5. Column: 2. Tax Year End (Year/Month) (see instructions).

Row: 5. Column: 3. Country of Incorporation (enter country code—see instructions).

Row: 5. Column: 4. Functional Currency of Foreign Corporation (enter code—see instructions).

Row: 5. Column: 5. Subpart F Income Group. (a) Reg. sec. 1.960-1(d)(2)(i i)(B)(2)(enter code).

Row: 5. Column: 5. Subpart F Income Group. (b) Reg. sec. 1.904-4(c)(3)(i)-(i v) (enter code).

Row: 5. Column: 5. Subpart F Income Group. (c) Unit.

Row: 6. Column: 2. Tax Year End (Year/Month) (see instructions).

Row: 6. Column: 3. Country of Incorporation (enter country code—see instructions).

Row: 6. Column: 4. Functional Currency of Foreign Corporation (enter code—see instructions).

Row: 6. Column: 5. Subpart F Income Group. (a) Reg. sec. 1.960-1(d)(2)(i i)(B)(2)(enter code).

Row: 6. Column: 5. Subpart F Income Group. (b) Reg. sec. 1.904-4(c)(3)(i)-(i v) (enter code).

Row: 6. Column: 5. Subpart F Income Group. (c) Unit.

Row: 1. Column: 6. Total Net Income in Subpart F Income Group (in functional currency of foreign corporation).

Row: 1. Column: 7. Total Eligible Current Year Taxes in Subpart F Income Group (in U.S. dollars).

Row: 1. Column: 8. Section 951(a)(1) Inclusion Attributable to Subpart F Income Group. (a) Functional Currency.

Row: 1. Column: 8. Section 951(a)(1) Inclusion Attributable to Subpart F Income Group. (b) U.S. Dollars.

Row: 1. Column: 9. Divide Column 8(a) by Column 6.

Row: 1. Column: 10. Tax Deemed Paid (multiply column 7 by column 9).

Row: 2. Column: 6. Total Net Income in Subpart F Income Group (in functional currency of foreign corporation).

Row: 2. Column: 7. Total Eligible Current Year Taxes in Subpart F Income Group (in U.S. dollars).

Row: 2. Column: 8. Section 951(a)(1) Inclusion Attributable to Subpart F Income Group. (a) Functional Currency.

Row: 2. Column: 8. Section 951(a)(1) Inclusion Attributable to Subpart F Income Group. (b) U.S. Dollars.

Row: 2. Column: 9. Divide Column 8(a) by Column 6.

Row: 2. Column: 10. Tax Deemed Paid (multiply column 7 by column 9).

Row: 3. Column: 6. Total Net Income in Subpart F Income Group (in functional currency of foreign corporation).

Row: 3. Column: 7. Total Eligible Current Year Taxes in Subpart F Income Group (in U.S. dollars).

Row: 3. Column: 8. Section 951(a)(1) Inclusion Attributable to Subpart F Income Group. (a) Functional Currency.

Row: 3. Column: 8. Section 951(a)(1) Inclusion Attributable to Subpart F Income Group. (b) U.S. Dollars.

Row: 3. Column: 9. Divide Column 8(a) by Column 6.

Row: 3. Column: 10. Tax Deemed Paid (multiply column 7 by column 9).

Row: 4. Column: 6. Total Net Income in Subpart F Income Group (in functional currency of foreign corporation).

Row: 4. Column: 7. Total Eligible Current Year Taxes in Subpart F Income Group (in U.S. dollars).

Row: 4. Column: 8. Section 951(a)(1) Inclusion Attributable to Subpart F Income Group. (a) Functional Currency.

Row: 4. Column: 8. Section 951(a)(1) Inclusion Attributable to Subpart F Income Group. (b) U.S. Dollars.

Row: 4. Column: 9. Divide Column 8(a) by Column 6.

Row: 4. Column: 10. Tax Deemed Paid (multiply column 7 by column 9).

Row: 5. Column: 6. Total Net Income in Subpart F Income Group (in functional currency of foreign corporation).

Row: 5. Column: 7. Total Eligible Current Year Taxes in Subpart F Income Group (in U.S. dollars).

Row: 5. Column: 8. Section 951(a)(1) Inclusion Attributable to Subpart F Income Group. (a) Functional Currency.

Row: 5. Column: 8. Section 951(a)(1) Inclusion Attributable to Subpart F Income Group. (b) U.S. Dollars.

Row: 5. Column: 9. Divide Column 8(a) by Column 6.

Row: 5. Column: 10. Tax Deemed Paid (multiply column 7 by column 9).

Row: 6. Column: 6. Total Net Income in Subpart F Income Group (in functional currency of foreign corporation).

Row: 6. Column: 7. Total Eligible Current Year Taxes in Subpart F Income Group (in U.S. dollars).

Row: 6. Column: 8. Section 951(a)(1) Inclusion Attributable to Subpart F Income Group. (a) Functional Currency.

Row: 6. Column: 8. Section 951(a)(1) Inclusion Attributable to Subpart F Income Group. (b) U.S. Dollars.

Row: 6. Column: 9. Divide Column 8(a) by Column 6.

Row: 6. Column: 10. Tax Deemed Paid (multiply column 7 by column 9).

Total (add amounts in column 10).

Page 4 72 fields

Part I—Foreign Corporation’s Tested Income and Foreign Taxes. Row: 1. Column: 1a. Name of Foreign Corporation.

Row: 1. Column: 1b. E I N or Reference I D Number of the Foreign Corporation (see instructions).

Row: 1. Column: 2. Tax Year End (Year/Month) (see instructions).

Row: 1. Column: 3. Country of Incorporation (enter country code—see instructions).

Row: 1. Column: 4. Functional Currency of Foreign Corporation (enter code).

Row: 2. Column: 1a. Name of Foreign Corporation.

Row: 2. Column: 1b. E I N or Reference I D Number of the Foreign Corporation (see instructions).

Row: 2. Column: 2. Tax Year End (Year/Month) (see instructions).

Row: 2. Column: 3. Country of Incorporation (enter country code—see instructions).

Row: 2. Column: 4. Functional Currency of Foreign Corporation (enter code).

Row: 3. Column: 1a. Name of Foreign Corporation.

Row: 3. Column: 1b. E I N or Reference I D Number of the Foreign Corporation (see instructions).

Row: 3. Column: 2. Tax Year End (Year/Month) (see instructions).

Row: 3. Column: 3. Country of Incorporation (enter country code—see instructions).

Row: 3. Column: 4. Functional Currency of Foreign Corporation (enter code).

Row: 4. Column: 1a. Name of Foreign Corporation.

Row: 4. Column: 1b. E I N or Reference I D Number of the Foreign Corporation (see instructions).

Row: 4. Column: 2. Tax Year End (Year/Month) (see instructions).

Row: 4. Column: 3. Country of Incorporation (enter country code—see instructions).

Row: 4. Column: 4. Functional Currency of Foreign Corporation (enter code).

Row: 5. Column: 1a. Name of Foreign Corporation.

Row: 5. Column: 1b. E I N or Reference I D Number of the Foreign Corporation (see instructions).

Row: 5. Column: 2. Tax Year End (Year/Month) (see instructions).

Row: 5. Column: 3. Country of Incorporation (enter country code—see instructions).

Row: 5. Column: 4. Functional Currency of Foreign Corporation (enter code).

Row: 1. Column: 5. Pro Rata Share of C F C’s Tested Income From Applicable Form 8992 Schedule (see instructions).

Row: 1. Column: 6. C F C’s Tested Income From Applicable Form 8992 Schedule (see instructions).

Row: 1. Column: 7. Divide Column 5 by Column 6.

Row: 1. Column: 8. C F C’s Tested Foreign Income Taxes From Schedule Q (Form 5471) (see instructions).

Row: 1. Column: 9. Pro Rata Share of Tested Foreign Income Taxes Paid or Accrued by C F C (multiply column 7 by column 8).

Row: 2. Column: 5. Pro Rata Share of C F C’s Tested Income From Applicable Form 8992 Schedule (see instructions).

Row: 2. Column: 6. C F C’s Tested Income From Applicable Form 8992 Schedule (see instructions).

Row: 2. Column: 7. Divide Column 5 by Column 6.

Row: 2. Column: 8. C F C’s Tested Foreign Income Taxes From Schedule Q (Form 5471) (see instructions).

Row: 2. Column: 9. Pro Rata Share of Tested Foreign Income Taxes Paid or Accrued by C F C (multiply column 7 by column 8).

Row: 3. Column: 5. Pro Rata Share of C F C’s Tested Income From Applicable Form 8992 Schedule (see instructions).

Row: 3. Column: 6. C F C’s Tested Income From Applicable Form 8992 Schedule (see instructions).

Row: 3. Column: 7. Divide Column 5 by Column 6.

Row: 3. Column: 8. C F C’s Tested Foreign Income Taxes From Schedule Q (Form 5471) (see instructions).

Row: 3. Column: 9. Pro Rata Share of Tested Foreign Income Taxes Paid or Accrued by C F C (multiply column 7 by column 8).

Row: 4. Column: 5. Pro Rata Share of C F C’s Tested Income From Applicable Form 8992 Schedule (see instructions).

Row: 4. Column: 6. C F C’s Tested Income From Applicable Form 8992 Schedule (see instructions).

Row: 4. Column: 7. Divide Column 5 by Column 6.

Row: 4. Column: 8. C F C’s Tested Foreign Income Taxes From Schedule Q (Form 5471) (see instructions).

Row: 4. Column: 9. Pro Rata Share of Tested Foreign Income Taxes Paid or Accrued by C F C (multiply column 7 by column 8).

Row: 5. Column: 5. Pro Rata Share of C F C’s Tested Income From Applicable Form 8992 Schedule (see instructions).

Row: 5. Column: 6. C F C’s Tested Income From Applicable Form 8992 Schedule (see instructions).

Row: 5. Column: 7. Divide Column 5 by Column 6.

Row: 5. Column: 8. C F C’s Tested Foreign Income Taxes From Schedule Q (Form 5471) (see instructions).

Row: 5. Column: 9. Pro Rata Share of Tested Foreign Income Taxes Paid or Accrued by C F C (multiply column 7 by column 8).

Total (add amounts in column 5).

Total (add amounts in column 9).

Part I I—Foreign Income Tax Deemed Paid. Row: 1. Column: 1. Global Intangible Low-Taxed Income (section 951A inclusion).

Row: 1. Column: 2. Inclusion Percentage. Divide Part I I, Column 1, by Part I, Column 5 Total.

Row: 1. Column: 3. Multiply Part I, Column 9 Total, by Part I I, Column 2 Percentage.

Row: 1. Column: 4. Tax Deemed Paid (Multiply Part I I, column 3, by 80% (0.80). Enter the result here and include on the line of Schedule

Row: 2. Column: 1. Global Intangible Low-Taxed Income (section 951A inclusion).

Row: 2. Column: 2. Inclusion Percentage. Divide Part I I, Column 1, by Part I, Column 5 Total.

Row: 2. Column: 3. Multiply Part I, Column 9 Total, by Part I I, Column 2 Percentage.

Row: 2. Column: 4. Tax Deemed Paid (Multiply Part I I, column 3, by 80% (0.80). Enter the result here and include on the line of Schedule

Row: 3. Column: 1. Global Intangible Low-Taxed Income (section 951A inclusion).

Row: 3. Column: 2. Inclusion Percentage. Divide Part I I, Column 1, by Part I, Column 5 Total.

Row: 3. Column: 3. Multiply Part I, Column 9 Total, by Part I I, Column 2 Percentage.

Row: 3. Column: 4. Tax Deemed Paid (Multiply Part I I, column 3, by 80% (0.80). Enter the result here and include on the line of Schedule

Row: 4. Column: 1. Global Intangible Low-Taxed Income (section 951A inclusion).

Row: 4. Column: 2. Inclusion Percentage. Divide Part I I, Column 1, by Part I, Column 5 Total.

Row: 4. Column: 3. Multiply Part I, Column 9 Total, by Part I I, Column 2 Percentage.

Row: 4. Column: 4. Tax Deemed Paid (Multiply Part I I, column 3, by 80% (0.80). Enter the result here and include on the line of Schedule

Row: 5. Column: 1. Global Intangible Low-Taxed Income (section 951A inclusion).

Row: 5. Column: 2. Inclusion Percentage. Divide Part I I, Column 1, by Part I, Column 5 Total.

Row: 5. Column: 3. Multiply Part I, Column 9 Total, by Part I I, Column 2 Percentage.

Row: 5. Column: 4. Tax Deemed Paid (Multiply Part I I, column 3, by 80% (0.80). Enter the result here and include on the line of Schedule

Page 5 108 fields

Column: 1a. Name of Distributing Foreign Corporation.

Row: 1. Column: 1b. E I N or Reference I D Number of the Foreign Corporation (see instructions).

Row: 1. Column: 2. Tax Year End (Year/Month) (see instructions).

Row: 1. Column: 3. Country of Incorporation (enter country code—see instructions).

Row: 1. Column: 4. Functional Currency of the Distributing Foreign Corporation.

Row: 1. Column: 5. P T E P Group (enter code).

Row: 1. Column: 6. Annual P T E P Account (enter year).

Row: 2. Column: 1a. Name of Distributing Foreign Corporation.

Row: 2. Column: 1b. E I N or Reference I D Number of the Foreign Corporation (see instructions).

Row: 2. Column: 2. Tax Year End (Year/Month) (see instructions).

Row: 2. Column: 3. Country of Incorporation (enter country code—see instructions).

Row: 2. Column: 4. Functional Currency of the Distributing Foreign Corporation.

Row: 2. Column: 5. P T E P Group (enter code).

Row: 2. Column: 6. Annual P T E P Account (enter year).

Row: 3. Column: 1a. Name of Distributing Foreign Corporation.

Row: 3. Column: 1b. E I N or Reference I D Number of the Foreign Corporation (see instructions).

Row: 3. Column: 2. Tax Year End (Year/Month) (see instructions).

Row: 3. Column: 3. Country of Incorporation (enter country code—see instructions).

Row: 3. Column: 4. Functional Currency of the Distributing Foreign Corporation.

Row: 3. Column: 5. P T E P Group (enter code).

Row: 3. Column: 6. Annual P T E P Account (enter year).

Row: 4. Column: 1a. Name of Distributing Foreign Corporation.

Row: 4. Column: 1b. E I N or Reference I D Number of the Foreign Corporation (see instructions).

Row: 4. Column: 2. Tax Year End (Year/Month) (see instructions).

Row: 4. Column: 3. Country of Incorporation (enter country code—see instructions).

Row: 4. Column: 4. Functional Currency of the Distributing Foreign Corporation.

Row: 4. Column: 5. P T E P Group (enter code).

Row: 4. Column: 6. Annual P T E P Account (enter year).

Row: 5. Column: 1a. Name of Distributing Foreign Corporation.

Row: 5. Column: 1b. E I N or Reference I D Number of the Foreign Corporation (see instructions).

Row: 5. Column: 2. Tax Year End (Year/Month) (see instructions).

Row: 5. Column: 3. Country of Incorporation (enter country code—see instructions).

Row: 5. Column: 4. Functional Currency of the Distributing Foreign Corporation.

Row: 5. Column: 5. P T E P Group (enter code).

Row: 5. Column: 6. Annual P T E P Account (enter year).

Row: 6. Column: 1a. Name of Distributing Foreign Corporation.

Row: 6. Column: 1b. E I N or Reference I D Number of the Foreign Corporation (see instructions).

Row: 6. Column: 2. Tax Year End (Year/Month) (see instructions).

Row: 6. Column: 3. Country of Incorporation (enter country code—see instructions).

Row: 6. Column: 4. Functional Currency of the Distributing Foreign Corporation.

Row: 6. Column: 5. P T E P Group (enter code).

Row: 6. Column: 6. Annual P T E P Account (enter year).

Row: 1. Column: 7. Total Amount of P T E P in the P T E P Group Within an Annual P T E P Account.

Row: 1. Column: 8. Total Amount of the P T E P Group Taxes With Respect to P T E P Group Within an Annual P T E P Account.

Row: 1. Column: 9. Distribution From the P T E P Group Within an Annual P T E P Account.

Row: 1. Column: 10. Divide Column 9 by Column 7.

Row: 1. Column: 11. Foreign Income Taxes Properly Attributable to P T E P Under Section 960(b)(1) and Not Previously Deemed Paid (multiply

Row: 2. Column: 7. Total Amount of P T E P in the P T E P Group Within an Annual P T E P Account.

Row: 2. Column: 8. Total Amount of the P T E P Group Taxes With Respect to P T E P Group Within an Annual P T E P Account.

Row: 2. Column: 9. Distribution From the P T E P Group Within an Annual P T E P Account.

Row: 2. Column: 10. Divide Column 9 by Column 7.

Row: 2. Column: 11. Foreign Income Taxes Properly Attributable to P T E P Under Section 960(b)(1) and Not Previously Deemed Paid (multiply

Row: 3. Column: 7. Total Amount of P T E P in the P T E P Group Within an Annual P T E P Account.

Row: 3. Column: 8. Total Amount of the P T E P Group Taxes With Respect to P T E P Group Within an Annual P T E P Account.

Row: 3. Column: 9. Distribution From the P T E P Group Within an Annual P T E P Account.

Row: 3. Column: 10. Divide Column 9 by Column 7.

Row: 3. Column: 11. Foreign Income Taxes Properly Attributable to P T E P Under Section 960(b)(1) and Not Previously Deemed Paid (multiply

Row: 4. Column: 7. Total Amount of P T E P in the P T E P Group Within an Annual P T E P Account.

Row: 4. Column: 8. Total Amount of the P T E P Group Taxes With Respect to P T E P Group Within an Annual P T E P Account.

Row: 4. Column: 9. Distribution From the P T E P Group Within an Annual P T E P Account.

Row: 4. Column: 10. Divide Column 9 by Column 7.

Row: 4. Column: 11. Foreign Income Taxes Properly Attributable to P T E P Under Section 960(b)(1) and Not Previously Deemed Paid (multiply

Row: 5. Column: 7. Total Amount of P T E P in the P T E P Group Within an Annual P T E P Account.

Row: 5. Column: 8. Total Amount of the P T E P Group Taxes With Respect to P T E P Group Within an Annual P T E P Account.

Row: 5. Column: 9. Distribution From the P T E P Group Within an Annual P T E P Account.

Row: 5. Column: 10. Divide Column 9 by Column 7.

Row: 5. Column: 11. Foreign Income Taxes Properly Attributable to P T E P Under Section 960(b)(1) and Not Previously Deemed Paid (multiply

Row: 6. Column: 7. Total Amount of P T E P in the P T E P Group Within an Annual P T E P Account.

Row: 6. Column: 8. Total Amount of the P T E P Group Taxes With Respect to P T E P Group Within an Annual P T E P Account.

Row: 6. Column: 9. Distribution From the P T E P Group Within an Annual P T E P Account.

Row: 6. Column: 10. Divide Column 9 by Column 7.

Row: 6. Column: 11. Foreign Income Taxes Properly Attributable to P T E P Under Section 960(b)(1) and Not Previously Deemed Paid (multiply

Row: 1. Column: 12. Amount Disallowed under Section 965(g) with respect to taxes deemed paid under section 960(b)(1).

Row: 1. Column: 13. Amount Disallowed under Section 960(d)(4) with respect to taxes deemed paid under section 960(b)(1).

Row: 1. Column: 14. Section 901 Taxes Paid or Accrued (see instructions).

Row: 1. Column: 15. Amount Disallowed under Section 965(g) with respect to taxes paid or accrued under section 901.

Row: 1. Column: 16. Amount Disallowed under Section 960(d)(4) with respect to taxes paid or accrued under section 901.

Row: 2. Column: 12. Amount Disallowed under Section 965(g) with respect to taxes deemed paid under section 960(b)(1).

Row: 1. Column: 13. Amount Disallowed under Section 960(d)(4) with respect to taxes deemed paid under section 960(b)(1).

Row: 2. Column: 14. Section 901 Taxes Paid or Accrued (see instructions).

Row: 2. Column: 15. Amount Disallowed under Section 965(g) with respect to taxes paid or accrued under section 901.

Row: 2. Column: 16. Amount Disallowed under Section 960(d)(4) with respect to taxes paid or accrued under section 901.

Row: 3. Column: 12. Amount Disallowed under Section 965(g) with respect to taxes deemed paid under section 960(b)(1).

Row: 3. Column: 13. Amount Disallowed under Section 960(d)(4) with respect to taxes deemed paid under section 960(b)(1).

Row: 3. Column: 14. Section 901 Taxes Paid or Accrued (see instructions).

Row: 3. Column: 15. Amount Disallowed under Section 965(g) with respect to taxes paid or accrued under section 901.

Row: 3. Column: 16. Amount Disallowed under Section 960(d)(4) with respect to taxes paid or accrued under section 901.

Row: 4. Column: 12. Amount Disallowed under Section 965(g) with respect to taxes deemed paid under section 960(b)(1).

Row: 4. Column: 13. Amount Disallowed under Section 960(d)(4) with respect to taxes deemed paid under section 960(b)(1).

Row: 4. Column: 14. Section 901 Taxes Paid or Accrued (see instructions).

Row: 4. Column: 15. Amount Disallowed under Section 965(g) with respect to taxes paid or accrued under section 901.

Row: 4. Column: 16. Amount Disallowed under Section 960(d)(4) with respect to taxes paid or accrued under section 901.

Row: 5. Column: 12. Amount Disallowed under Section 965(g) with respect to taxes deemed paid under section 960(b)(1).

Row: 5. Column: 13. Amount Disallowed under Section 960(d)(4) with respect to taxes deemed paid under section 960(b)(1).

Row: 5. Column: 14. Section 901 Taxes Paid or Accrued (see instructions).

Row: 5. Column: 15. Amount Disallowed under Section 965(g) with respect to taxes paid or accrued under section 901.

Row: 5. Column: 16. Amount Disallowed under Section 960(d)(4) with respect to taxes paid or accrued under section 901.

Row: 6. Column: 12. Amount Disallowed under Section 965(g) with respect to taxes deemed paid under section 960(b)(1).

Row: 6. Column: 13. Amount Disallowed under Section 960(d)(4) with respect to taxes deemed paid under section 960(b)(1).

Row: 6. Column: 14. Section 901 Taxes Paid or Accrued (see instructions).

Row: 6. Column: 15. Amount Disallowed under Section 965(g) with respect to taxes paid or accrued under section 901.

Row: 6. Column: 16. Amount Disallowed under Section 960(d)(4) with respect to taxes paid or accrued under section 901.

Row: Totals. Column: 12. Amount Disallowed under Section 965(g) with respect to taxes deemed paid under section 960(b)(1).

Row: Totals. Column: 13. Amount Disallowed under Section 960(d)(4) with respect to taxes deemed paid under section 960(b)(1).

Row: Totals. Column: 14. Section 901 Taxes Paid or Accrued (see instructions).

Row: Totals. Column: 15. Amount Disallowed under Section 965(g) with respect to taxes paid or accrued under section 901.

Row: Totals. Column: 16. Amount Disallowed under Section 960(d)(4) with respect to taxes paid or accrued under section 901.

Total (add amounts in each of columns 11 through 16).

Page 6 96 fields