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continuation statements using the same

the vessel or aircraft, and the calculations

charter income which is USSGTI is to

size and format as this Schedule V.

used to apply this method (see the Note in

apply to such charter income the ratio of

the instructions for line 9 for examples of

(a) the number of days of uninterrupted

Line 1. Enter the name of the vessel or

reasonable methods that may be used).

travel on voyages or flights between the

type of aircraft.

United States and the farthest point(s)

Line 5. Enter the name of the registered

Line 2. For each column, if you are

where cargo or passengers are loaded en

owner. If you are the registered owner,

completing the column for a vessel, enter

route to, or discharged en route from, the

enter “Same as filer above” on line 5.

the Lloyd's register number on line 2. If

United States, to (b) the number of days in

you are completing the column for an

the smaller of the tax year or the particular

Line 6. Enter the employer identification

aircraft, enter the registration number on

charter period. When determining

number (EIN) or social security number

line 2.

USSGTI, the number of days the vessel is

(SSN) of the registered owner if known. If

located in United States waters for repairs

you are the registered owner, enter “Same

Line 3. For each column, if the answer to

or maintenance should not be included in

as filer above” on line 6. If you are not the

the question on line 3 is “Yes” and you

either the numerator or in the denominator

registered owner and you do not know the

operate the vessel or aircraft which is

of the ratio.

EIN or SSN of the registered owner, enter

under a bareboat lease or sublease to

"Not known."

you, attach to Schedule V the following

Another reasonable method would be to

items:

use a ratio based on the USSGTI earned

Line 7. Enter the name of the operator if

from the operation of the vessel or aircraft

1. The name and address of the

known. If you are the operator, enter

by the lessee-operator, compared with the

lessor of the vessel or aircraft; and

“Same as filer above” on line 7. If you are

total gross income of the lessee-operator

not the operator and you do not know the

2. The term of the bareboat lease or

from the operation of the vessel or aircraft

name of the operator, enter "Not known."

charter and the method for calculating the

during the smaller of the tax year or the

rental portion of the payment.

Line 8. Enter the EIN or SSN of the

term of the charter. However, an allocation

operator if known. If you are the operator,

based on the net income of the

Line 4. For each column, if the answer to

enter “Same as filer above” on line 8. If

lessee-operator will not be considered

the question on line 4 is “Yes” and you are

you are not the operator and you do not

reasonable for this purpose.

the bareboat lessor of the vessel or

know the EIN or SSN of the operator,

aircraft, attach to Schedule V the following

Important. A statement including a

enter "Not known."

items:

description of the method used to

Line 9. For each column, enter the

determine the USSGTI from the vessel or

1. The country of registration of the

USSGTI the corporation derived with

aircraft must be attached to Schedule V.

vessel or aircraft,

respect to the vessel or aircraft. See

2. Name and address of each lessee

Line 11. If the foreign corporation is

Definitions, earlier.

or person chartering the vessel or aircraft

claiming a treaty exemption on its

from you,

USSGTI, enter the amount on line 11 and

Note. In determining the amount of

attach Form 8833, Treaty-Based Return

USSGTI, the foreign corporation must

3. The term of the lease,

Position Disclosure Under Section 6114 or

establish the actual amount of USSGTI

4. The number of days during the tax

7701(b).

derived from a charter under a reasonable

year the vessel or aircraft was under

method. For example, where a vessel or

lease, and

aircraft is under charter, one reasonable

5. A description of the method used to

method of determining the portion of such

determine the USSGTI from the leases for

-2-

Instructions For Schedule V (Form 1120-F) - List Of Vessels Or Aircraft, Operators, And Owners - 2013 Page 2

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