Schedule A

Form 1118(Rev. December 2003)Internal Revenue ServiceDepartment of the Treasury

Foreign Tax Credit—Cor

For calendar year 20 , or other tax year beginning , 

Name of corporation 

Use a separate Form 1118 for each applicable category of income listed below. See Categories of 

Check only one box on each form.

Passive Income

High Withholding Tax InterestFinancial Services IncomeShipping Income Certain Dividends From Each 10/50 PFIC

Name of PFIC 

Country of Incorporation 

Income or (Loss) Before Adjustments (Report all amounts in U.S. dollar

ABCDEF

Totals (add lines A through F)

1. Foreign Country or

U.S. Possession (Enter

two-letter code from

list beginning on page

11 of instructions. Use

a separate line for

each.)*

Gross Income or (Loss) From Sources Outside the United States 

2. Deemed Dividends (see instructions) 3. Other Dividends

(a) Exclude gross-up (b) Gross-up (sec. 78)

4. 

Deductions (INCLUDE Foreign Branch Deducti

9. Definitely Allocable Deductions

Rental, Royalty, and Licensing Expenses

(a) Depreciation,

Depletion, and

Amortization

(b) Other Expenses

(c) Expenses Related to

Gross Income From

Performance of Services

(d) Other Definitely

Allocable Deductions

(e) Total 

Allocable De

columns 9(a) 

TotalsFor Paperwork Reduction Act Notice, see separate instructions. 

Dividends From a DISC or Former DISCTaxable Income Attributable To Foreign Trade IncomeCertain Distributions From a FSC or Former FSC

(a) Exclude gross-up (b) Gross-up (sec. 78)

ABCDEF

 Attach to the corporation’s ta

* For section 863(b) income, use a single line and enter “863(b).”

 See separate instructio
Form 1118 (Rev. 12-2003)

Part I—Foreign Taxes Paid, Accrued, and Deemed Paid (see page 6 of instructions)

1. Credit is Claimed

for Taxes:

Paid Accrued

Date Paid Date Accrued

2. Foreign Taxes Paid or Accrued (attach schedule showing amounts 

Tax Withheld at Source on:

(a) Dividends (b) Interest (c) Rents, Royalties, and License Fees

Other Fo

(d) Section

863(b) Income

(e) Fo

Branch 

ABCDEF

Totals (add lines A through F)Part II—Separate Foreign Tax Credit ( Complete a separate Part II for each applicable c

12345

6

7a

bc

8

9

101112

Total foreign taxes paid or accrued (total from Part I, column 2(h))

Total taxes deemed paid (total from Part I, column 3)Reductions of taxes paid, accrued, or deemed paid (enter total from Schedule G)Total carryover of foreign taxes (attach schedule showing computation in detail—see page 6 oTotal foreign taxes (combine lines 1 through 4)

Enter the amount from the applicable column of Schedule J, Part I, line 11 (see page 6 of insenter the result from the “Totals” line of column 12 of the applicable Schedule A

Total taxable income from all sources (enter taxable income from the corporation’s tax return)Adjustments to line 7a (see page 6 of instructions)Subtract line 7b from line 7aDivide line 6 by line 7c. Enter the resulting fraction as a decimal (see instructions). If line 6 is g

Total U.S. income tax against which credit is allowed (regular tax liability (see section 26(b)) minus poCredit limitation (multiply line 8 by line 9) (see page 6 of instructions)Separate foreign tax credit (enter the smaller of line 5 or line 10 here and on the appropriate 

Part III—Summary of Separate Credits (Enter amounts from Part II, line 11 for each applicable to foreign trade income or taxes paid to sanctioned countries.)

Credit for taxes on passive incomeCredit for taxes on high withholding tax interestCredit for taxes on financial services incomeCredit for taxes on shipping incomeCredit for taxes on certain dividends from each 10/50 PFIC (combine all such credits on this liCredit for taxes on dividends from a DISC or former DISCCredit for taxes on certain distributions from a FSC or former FSCCredit for taxes on general limitation incomeTotal (add lines 1 through 10)Reduction in credit for international boycott operations (see page 6 of instructions)Total foreign tax credit (subtract line 12 from line 11). Enter here and on the appropriate line o

123456

7

89

1011

Schedule B Foreign Tax Credit (Report all foreign tax amounts in U.S. dollars. )

Credit for taxes on income re-sourced by treaty (combine all such credits on this line)

13

Credit for taxes on certain dividends from 10/50 corporations
Form 1118 (Rev. 12-2003) 

Tax Deemed Paid by Domestic Corporation Filing Return

Use this schedule to figure the tax deemed paid by the corporation with respect to inclusions of earnings from a first- or lower-tier foreign corporation under section 

Part I—Dividends and Deemed Inclusions From Post-1986 Undistributed Earnings

1. Name of Foreign

Corporation

(identify DISCs and

former DISCs)

3. Country of

Incorporation

(enter country

code from

instructions)

4. Post-1986

Undistributed

Earnings (in

functional

currency—attach

schedule)

5. Opening

Balance in

Post-1986

Foreign Income

Taxes

6. Foreign Taxes Paid and Deemed

Paid for Tax Year Indicated 

Total (Add amounts in column 10. Enter the result here and include on “Totals” line of Schedule B, Part II—Dividends Paid Out of Pre-1987 Accumulated Profits

1. Name of Foreign

Corporation (identify

DISCs and former

DISCs)

2. Tax Year End

(Yr-Mo) (see

instructions)

3. Country of

Incorporation (enter

country code from

instructions)

4. Accumulated Profits

for Tax Year Indicated

(in functional currency

computed under

section 902) (attach

schedule)

5. Foreign Taxes Paid

and Deemed Paid on

Earnings and Profits

(E&P) for Tax Year

Indicated

(in functional currency)

(see instructions)

Total (Add amounts in column 8b. Enter the result here and include on “Totals” line of Schedule B, 

Schedule C

Part III—Deemed Inclusions From Pre-1987 Earnings and Profits 1. Name of Foreign

Corporation (identify

DISCs and former

DISCs)

2. Tax Year End

(Yr-Mo) (see

instructions)

3. Country of

Incorporation (enter

country code from

instructions)

4. E&P for Tax Year Indicated

(in functional currency

translated from U.S. dollars,

computed under section 964)

(attach schedule)

5. Fore

and De

Tax Yea

ins

Total (Add amounts in column 8. Enter the result here and include on “Totals” line of Schedule B, P

(a) Taxes Paid

(b) Taxes Deemed

Paid (from

Schedule D, Part I—

see instructions)

(a) Func

2. Tax Year End

(Yr-Mo) (see

instructions)
Form 1118 (Rev. 12-2003) 

Tax Deemed Paid by First- and Second-Tier Foreign Corporations und

Section A—Dividends Paid Out of Post-1986 Undistributed Earnings (Inc

1. Name of Second-Tier Foreign

Corporation and Its Related

First-Tier Foreign Corporation

3. Country of

Incorporation (enter

country code from

instructions)

4. Post-1986

Undistributed Earnings

(in functional

currency—attach

schedule)

5. Opening

Balance in

Post-1986 Foreign

Income Taxes

6. Foreign Ta

Paid for T

Section B—Dividends Paid Out of Pre-1987 Accumulated Profits (Include 

1. Name of Second-Tier Foreign

Corporation and Its Related

First-Tier Foreign Corporation

2. Tax Year

End (Yr-Mo)

(see

instructions)

3. Country of

Incorporation (enter

country code from

instructions)

4. Accumulated Profits for

Tax Year Indicated

(in functional currency—

attach schedule)

5. Foreign Taxes Paid and 

Paid for Tax Year Indic

(in functional currenc

see instructions)

Section A—Dividends Paid Out of Post-1986 Undistributed Earnings (Include 

1. Name of Third-Tier Foreign

Corporation and Its Related

Second-Tier Foreign Corporation

Schedule D

Part II—Tax Deemed Paid by Second-Tier Foreign Corporations

Part I—Tax Deemed Paid by First-Tier Foreign Corporations

Section B—Dividends Paid Out of Pre-1987 Accumulated Profits (Include the 

1. Name of Third-Tier Foreign

Corporation and Its Related

Second-Tier Foreign Corporation

2. Tax Year

End (Yr-Mo)

(see

instructions)

3. Country of

Incorporation (enter

country code from

instructions)

4. Accumulated Profits for

Tax Year Indicated

(in functional currency—

attach schedule)

5. Foreign Taxes Paid and 

Paid for Tax Year Indic

functional currency—

instructions)

Use Part I to compute the tax deemed paid by a first-tier foreign corporation with compute the tax deemed paid by a second-tier foreign corporation with respect to 

dollars unless otherwise specified.

(a) Taxes Pa

6. Foreign Ta

Paid for T

(a) Taxes Pa

2. Tax Year

End (Yr-Mo)

(see

instructions)

3. Country of

Incorporation (enter

country code from

instructions)

4. Post-1986

Undistributed Earnings (in functional

currency—attach

schedule)

5. Opening

Balance in

Post-1986 Foreign

Income Taxes

2. Tax Year

End (Yr-Mo)

(see

instructions)
Form 1118 (Rev. 12-2003) 

Part I—Tax Deemed Paid by Third-Tier Foreign Corporations (Include the column 10 re

1. Name of Fourth-Tier Foreign

Corporation and Its Related

Third-Tier Foreign Corporation

3. Country of

Incorporation (enter

country code from

instructions)

5. Opening

Balance in

Post-1986

Foreign Income

Taxes

Schedule E Tax Deemed Paid by Certain Third-, Fourth-, and Fifth-Tier Foreign Co

4. Post-1986

Undistributed Earnings

(in functional

currency—attach

schedule)

Part II—Tax Deemed Paid by Fourth-Tier Foreign Corporations (Include the column 10 

1. Name of Fifth-Tier Foreign

Corporation and Its Related

Fourth-Tier Foreign Corporation

3. Country of

Incorporation (enter

country code from

instructions)

Part III—Tax Deemed Paid by Fifth-Tier Foreign Corporations (Include the column 10 r

1. Name of Sixth-Tier Foreign

Corporation and Its Related

Fifth-Tier Foreign Corporation

3. Country of

Incorporation (enter

country code from

instructions)

6. 

Pa

Use this schedule to report taxes deemed paid with respect to dividends from controlled foreign corporations. Report all amounts in U.S. dollars unless otherw

6. Foreign T

Paid fo

(a) Taxes P

5. Opening

Balance in

Post-1986

Foreign Income

Taxes

4. Post-1986

Undistributed Earnings

(in functional

currency—attach

schedule)

5. Opening

Balance in

Post-1986

Foreign Income

Taxes

4. Post-1986

Undistributed Earnings

(in functional

currency—attach

schedule)

2. Tax Year

End

(Yr-Mo)

(see

instructions)

2. Tax Year

End

(Yr-Mo)

(see

instructions)

2. Tax Year

End

(Yr-Mo)

(see

instructions)

6. Foreign T

Paid fo

(a) Taxes P
Form 1118 (Rev. 12-2003) 

Gross Income and Definitely Allocable Deductions for ForeignBranches

1. Name of Foreign Country or U.S.

Possession (Use a separate line for each.) 2. Gross Income 3. Definitely Allocable Deductions

RedusepaReduamou

ReducEnter ImpoReduAttacOthe

Total (add B, Part II, 

* Note: The Schedule F totals are not carried over to any other Form 1118 Schedule. (These totals were already included in

Schedule A.) However, the IRS requires the corporation to complete Schedule F under the authority of section 905(b).

A

B

CD

E

F

A

B

CD

E

Totals (add lines A through F)* 

Schedule F Schedule 
Form 1118 (Rev. 12-2003) 

Apportionment of Deductions Not Definitely Allocable (complete only o

Part I—Research and Development Deductions

(a) Sales Method

Product line #1 (SIC Code: )*

(i) Gross Sales (ii) R&D Deductions

Product line #2 (SIC Code: 

(iii) Gross Sales (iv) 

Dedu

123

a

b

c

d

e

g

h

4

Totals (see page 9 of instructions)Total to be apportionedApportionment among statutorygroupings:General limitation incomePassive incomeHigh withholding tax interest

Financial services incomeShipping income

Certain dividends from each 10/50 PFIC*Taxable income attributable to foreigntrade incomeTotal foreign (add lines 3a through 3j)

Schedule H

i Section 901(j) income*

Income re-sourced by treaty*

f

Certain dividends from 10/50corporations

j

*Important: See Computer-Generated Schedule H in instructions.
Form 1118 (Rev. 12-2003) 

Apportionment of Deductions Not Definitely Allocable (continued)

Part II—Interest Deductions, All Other Deductions, and Total Deductions

(a) Average Value of Assets—Check metho

Fair market value Tax book v

(i) Nonfinancial

Corporations (ii) Financial Co

1a

b

c

d

23

a

b

c

d

e

f

g

h

i

j

4

Totals (see page 9 of instructions)Amounts specifically allocable under Temp. Regs.1.861-10T(e)Other specific allocations under Temp. Regs. 1.861-10TAssets excluded from apportionment formulaTotal to be apportioned (subtract the sum of lines 1b, 1c,and 1d from line 1a)Apportionment among statutory groupings:General limitation incomePassive incomeHigh withholding tax interestFinancial services incomeShipping incomeCertain dividends from each 10/50 PFIC*Taxable income attributable to foreign trade incomeCertain distributions from a FSC or former FSCDividends from a DISC or former DISCTotal foreign (add lines 3a through 3l)

* Important: See Computer-Generated Schedule H in instructions.

Schedule H

Printed on recycled pape

k Section 901(j) income*

Income re-sourced by treaty*Certain dividends from 10/50 corporations

l