Form 1118 - Foreign Tax Credit-Corporations Page 6
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Form 1118 (Rev. 12-2012)
Page
Schedule F
Schedule G
Reductions of Taxes Paid, Accrued, or Deemed Paid
Gross Income and Definitely Allocable Deductions for Foreign
Part I - Reduction Amounts
Branches
Reduction of Taxes Under Section 901(e)—Attach
A
1. Foreign Country or U.S. Possession (Enter
3. Definitely Allocable
separate schedule
2. Gross Income
two-letter code from Schedule A, column 1.
Deductions
Use a separate line for each.)
Reduction of Foreign Oil and Gas Taxes—Enter
B
amount from Schedule I, Part II, line 6
A
Reduction of Taxes Due to International Boycott Provisions—
C
Enter appropriate portion of Schedule C (Form 5713), line 2b.
B
Important: Enter only “specifically attributable taxes” here.
Reduction of Taxes for Section 6038(c) Penalty—
D
C
Attach separate schedule
E
Other Reductions of Taxes—Attach schedule(s)
D
Total (add lines A through E). Enter here and on Schedule
E
B, Part II, line 3
.
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▶
Part II - Other Information
F
1
During the tax year, did the corporation pay or accrue
Yes
No
any foreign tax that was disqualified for credit under
section 901(m)?
2
During the tax year, did the corporation pay or accrue
Yes
No
foreign taxes that were suspended due to the rules of
section 909?
Totals (add lines A through F)*
▶
If the answer to line 2 is "Yes," include the reduction amounts on Part I, line E above.
1118
* Note: The Schedule F totals are not carried over to any other Form 1118 Schedule. (These totals were already included in
Form
(Rev. 12-2012)
Schedule A.) However, the IRS requires the corporation to complete Schedule F under the authority of section 905(b).
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