Instructions For Schedule H (Form 1120-F) - 2008 (Page 6 of 6) in pdf

Note. Amounts paid or accrued on

the amount included in line 37 that is

Line 38b. Enter on line 38b all other

the Schedule L books to the home

allocated or apportioned to ECI in

deductions included in the amount

office are not determinative of the

column (a) and the amount allocated

reported on line 37 that are definitely

amount of home office expense

or apportioned to non-ECI in column

related to ECI or non-ECI under

allocated and apportioned to ECI on

(b). Add columns (a) and (b) for each

Regulations sections 1.861-8 and

Schedule H, Part II, line 20.

line and enter the total amount in

1.861-17 and Temporary Regulations

column (c).

section 1.861-8T.

Line 36. Add the amounts on lines

Line 38a. Enter on line 38a the

Line 39. Add lines 38a and 38b and

32a through 35 and enter the total on

amount of derivative transaction

enter the total on line 39 for each of

line 36. This amount reflects the

deductions included in line 37 that are

columns (a) through (c). The amounts

deductions included in line 31 for

definitely related to ECI or non-ECI

on line 39 are the portion of total

which there are special rules to which

under Regulations section 1.861-8

deductions reported on line 37 that

the general allocation and

and Temporary Regulations section

are definitely related to ECI and

apportionment rules under

1.861-8T. Deductions included on line

non-ECI.

Regulations sections 1.861-8 and

38a are periodic expense from

1.861-17 and Temporary Regulations

Line 40. Enter on line 40 the

notional principal contracts that are

section 1.861-8T do not apply.

deductions included in line 37 that are

sourced under Regulations section

apportioned to ECI and non-ECI

Line 37. Subtract the amount on line

1.863-7 with respect to non-dealer

under Regulations sections 1.861-8

36 from the amount on line 31 and

securities hedging transactions or

and 1.861-17 and Temporary

enter the difference on line 37. The

from securities trading or non-global

Regulations section 1.861-8T. The

amount reported on line 37 is

dealing operations. If notional

total on line 40, column (c), must

allocated and apportioned to ECI and

principal contract periodic expense is

equal line 37 minus line 39, column

non-ECI under Regulations sections

allocated and apportioned under the

(c).

1.861-8 and 1.861-17 and Temporary

global dealing rules of Proposed

Regulations section 1.861-8T and

Line 41. Add lines 39 and 40 and

Regulations section 1.863-3(h), such

reconciled on lines 38a through 41.

enter the total on line 41 for each of

amounts should be included on line

columns (a) through (c). The amount

34 and, therefore, are not definitely

entered on line 41, column (a) is the

Lines 38a Through 41.

related to ECI or non-ECI under

total amount of deductions included

Reconciliation of Allocable

Regulations section 1.861-8 and

on line 37 that is allocated and

Expenses on Books Under

Temporary Regulations section

apportioned to ECI. These deductions

Regulations Section 1.861-8

1.861-8T.

are included on Form 1120-F, Section

(from line 37)

Note. Periodic expenses from

II, lines 12, 13, 14, 16, 17, 19 through

notional principal contracts may be

The amount of deductions reported

25, and 27. The total amount on line

allocated and apportioned to ECI and

on line 37 that is allocated and

41, column (c) must equal the amount

non-ECI in accordance with the ECI

apportioned to ECI and non-ECI is

on line 37.

and non-ECI treatment of the item(s)

reported on lines 38a through 41,

the notional principal contract

columns (a) through (c). With respect

hedges.

to each of lines 38a through 41, enter

-6-

Instructions for Schedule H (Form 1120-F)

Instructions For Schedule H (Form 1120-F) - 2008 Page 6

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