rom 1116 Computation of Foreign Tax Credit

Individual, Fiduciary, or Nonresident Alien Individual
Department of the Treasury

it > Attach to Form 1040, 1041, or 1040NR.
{Internal Revenue Service > See separate instructions.

1980

For calendar year 1980, or other tax year beginning 119 and ending 19 :
Name Identifying number as shown on page 1 of your
tax return

Use a separate Form 1116 for each type of income. Check only one box below.

This form is being completed for credit with respect to: Resident of (name of country)

(J Nonbusiness (section 904(d)) interest income
( Dividends from a DISC or former DISC

1 Foreign oil related income Citizen of (name of country)

(J All other income from sources outside the U.S. (including income from sources
within U.S. possessions)

Note: If, for the box checked above, you have income from or have paid taxes to MORE THAN ONE foreign country or U.S. possession,
you must complete and attach Schedule A, Form 1116, Schedule of Foreign Taxable Income and Foreign Taxes Paid or Accrued.

If you use Schedule A, do not complete Parts | and II below.

Taxable Income from Sources Outside the U.S.

Name of Foreign Country or U.S. Possession. . . 2. 1 1 1 1

1 Gross income from sources outside the U.S.: YU Y
eDiiine sy vente eee eee ff |
b Gross rents and royaties . . 2 2...) 1 [AB
¢ Foreign source capital gainnetincome. . . . ..... ~~ [2]
d Wages, salaries, and other employee compensation. . . . . . . |Ad
e Business or profession (sole proprietorship) . . . . . . .. . [de |
f Gross income from trusts andestates. . 2... . . . . . [JF 7
g Other (including interest—attach schedule) . . . . . . . . . [28] Zi
h Total (add lines lathrough ig)... . . we |

2 Applicable deductions and losses: Wu Y

2a

a Expenses directly allocable to business or profession . . . . . «

b Depreciation and depletion directly allocable to rent and royalty income. |_2>_
Repairs and other expenses directly allocable to rent and royalty income . 2c _|
d Other expenses directly allocable to specific income items (attach schedule). . . | 2d
€ Pro rata share of all other deductions not directly allocable: W/WWWWyyyyy
(i) Itemized deductions not directly allocable
(attach schedule). . . . 2... e
(ii) Other deductions not directly allocable

) Total (Add lines 20 and 2etiy) . . - — |

(iv) Total foreign source income (see instructions). .
(v) Gross income from all sources (see in-
Structions). . . . 2... . ee
(wi) Divide line 2e(iv) by line 2ev) «we
(vii) Multiply line 2e(vi) by line 2e(iii). 2 6 1 6 ew we ee
f Losses from foreign sources . . - 2 ee ee ee ee ee
g Total applicable deductions and losses (add lines 2a—2d, 2e(vii), and 2f). . . . . . - . -

A

a

cs

S

a

ix)
joa

3 Taxable income or (loss) from sources outside the U.S. (before recapture of prior year overall foreign
losses). Subtract line 2g from line 1h; Enter here and in Part lll, line6. .. . -

Foreign Taxes Paid or Accrued (Attach receipt or copy of return) ;

Dolla

a

2 Foreign taxes paid or accrued:
‘a Taxes withheld at source on dividends . .

1 Credit is for taxes [] paid or 77 Date Paid In Foreign in US.
[accrued (check one) or Accrued Currency

b Taxes withheld at source on rents and

ro

royalties. 1 1 ew we eo 2B
© Other foreign taxes paid or accrued. . |_2¢
d Total foreign taxes paid or accrued in U.S. dollars. Add lines 2a, 2b, and 2c; Enter here and in Part III,
line 1... we es
313-118-1 Form 1116 sao)


Form 1116 (1980)

HEZTAME Computation of Foreign Tax Credit

1 Total foreign taxes paid or accrued (from Part Il, line 2d or from
Schedule A, Part Il, “Total"): 2. 2. 2. 2 2 2 ee ew we

2 = Carryback or carryover (attach detailed computation). . . . .

3 Addlinelandline2. 2. 2 6. we ee ew ee ee

4 Reduction for taxes on income excluded under section 911 and for-
eign mineral income; for failure to furnish returns required under sec-
tion 6038; for taxes attributable to boycott operations . . . -

5 Total foreign taxes available for credit (subtract line 4 from line 3) .
6 Taxable income or (loss) from sources outside the U.S. (from Part I,
line 3 or from Schedule A, Part I, line 3). If loss, skip lines 7 through

Wo ee ee

7 Recapture of prior year overall foreign losses (attach computation) .

Net foreign source taxable income (subtract line 7 from line 6). .
9 Individuals: Enter amount from Form 1040, line 34 or Form 1040NR,
line 39. Estates and trusts: Make no entry; skip toline 11. . .
10 Enter $3,400 (joint return or widow(er)), $2,300 (single or head of
household), or $1,700 (married filing separate return). . . -
11 Individuals: Subtract line 10 from line 9. Estates and trusts: Enter on
without the deduction for yourexemption. . . . » + + + +

10
this line your taxable income

12. Divide line 8 by line 11 (if line 8 is more than line 11, enter the figure “1"). . 2 2 2 2 ee

13 Total U.S. income tax before any credits. . . . « © 2 «© «
14 Credit forthe elderly. 2 2. 2 se 2 ee ee ee ee
15 Subtract line14fromline13. 2 6 6 2 ee ee ee

16 Limitation on credit (multiply line 15 by line 12). . . . .

17 Foreign tax credit (line 5 or line 16, whichever is smaller)...

13

14

a <<

sk

a

17

Summary of Credits from Separate Parts Ill

1 Credit with respect to nonbusiness (section 904(d)) interest. . .
2 Credit with respect to dividends from a DISC or former DISC. . .«
3 Credit with respect to foreign oil-relatedincome. . . . - + +
4 Credit with respect to all other income from sources outside the

U.S. (including income from sources within U.S. possessions) .

5 Total (add lines 1 through 4)... 6 we ee ee we

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

7__ Foreign tax credit (subtract line 6 from line 5). Enter here and on your tax return.» - ss

~ #0. S, GOVERMENT PRINTING OFFICE:

1984 ~ 5444~103/20019

313-118-1