Schedule I (Form 1120-F) - Interest Expense Allocation Under Regulations Section 1.882-5 - 2017

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Interest Expense Allocation Under Regulations
SCHEDULE I
OMB No. 1545-0123
(Form 1120-F)
Section 1.882-5
2017
Attach to Form 1120-F.
Department of the Treasury
Go to for instructions and the latest information.
Internal Revenue Service
Name of corporation
Employer identification number
A
Check here if the corporation is a foreign bank as defined in Regulations section 1.882-5(c)(4)
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B
This Schedule I is being completed with respect to (check one):
Adjusted U.S. booked liabilities method under Regs. sec. 1.882-5(d). Complete lines 1 through 15 and 21 through 25.
Separate currency pools method under Regs. sec. 1.882-5(e). Complete lines 1 through 9 and 16a through 25.
Step 1
Average U.S. Assets for the Tax Year: Regulations Section 1.882-5(b)
(a)
(c)
1
Specify the method used to determine the value of the
(d)
Set(s) of Books that
(b)
Set(s) of Books
corporation’s U.S. assets on lines 2 through 5 below (check
Totals. Add
Give Rise to U.S.
Partnership
Other than those
columns (a)
one):
Booked Liabilities
Interests
Described in
through (c)
(see inst.)
Columns (a) and (b)
Adjusted basis method: Regs. sec. 1.882-5(b)(2)(i)
Fair market value method: Regs. sec. 1.882-5(b)(2)(ii)
2
Total assets per books
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3a
Total interbranch assets .
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b
Total non-ECI assets under section 864(c)(4)(D) .
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c
Total other non-ECI assets (attach statement-see instructions)
d
Adjustments for amounts from partnerships and certain
disregarded entities included on line 2, column (a)
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e
Adjustments for assets that give rise to direct interest
expense allocations under Regs. sec. 1.882-5(a)(1)(ii)
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f
Other adjustments to average assets included in line 2
(e.g., mark-to-market differences) .
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4
Combine lines 3a through 3f .
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5
Total value of U.S. assets for the tax year .
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Column (a): Subtract line 4 from line 2.
Column (b): See instructions for amount to enter.
Column (c): See instructions for amount to enter.
Step 2
U.S.-Connected Liabilities for the Tax Year: Regulations Section 1.882-5(c)
6
Specify the method used to determine the amounts in Step 2 (check one):
Actual ratio under Regs. sec. 1.882-5(c)(2). Complete lines 6a through 6c below.
Fixed ratio under Regs. sec. 1.882-5(c)(4). Complete line 6d below.
a
Average worldwide liabilities
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b
Average worldwide assets
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c
Divide line 6a by line 6b .
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d
Fixed ratio under Regs. sec. 1.882-5(c)(4). If the corporation is a foreign bank as defined in Regs.
sec. 1.882-5(c)(4), enter 95% on line 6d. If the corporation is not a foreign bank or an insurance
company, enter 50% on line 6d
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%
e
Enter the ratio from line 6c or 6d, as applicable .
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7a
U.S.-connected liabilities before Regs. sec. 1.884-1(e)(3) election(s). Multiply line 5, column (d) by line 6e .
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b
U.S. liability reduction under Regs. sec. 1.884-1(e)(3) election .
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c
U.S.-Connected Liabilities. Subtract line 7b from line 7a .
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Step 3
Interest Expense Paid or Accrued on Average U.S. Booked Liabilities: Regulations Section 1.882-5(d)
(a)
(b)
(c)
Set(s) of Books that Give
Partnership
Totals.
Rise to U.S. Booked
Interests
Add columns
(a) and (b)
Liabilities (see inst.)
8 Total average amount of U.S. booked liabilities as defined in
Regs. sec. 1.882-5(d)(2) (see instructions)
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Column (a): Do not include amounts that give rise to directly
allocable interest under Regs. sec. 1.882-5(a)(1)(ii) or from
partnerships includible in column (b).
Column (b): Enter the portion of the total from Schedule P,
line 18 that constitutes U.S. booked liabilities.
For Paperwork Reduction Act Notice, see the Instructions for Form 1120-F.
Cat. No. 49680W
Schedule I (Form 1120-F) 2017

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