SCHEDULE K 

(Form 1118)

(Rev. October 2017)

Department of the Treasury 

Internal Revenue Service 

Foreign Tax Carryover Reconciliation Schedule

For calendar year 20 , or other tax year beginning , 20 , and ending , 20 .

▶ See separate instructions.

▶ Attach to Form 1118.

▶ Go to www.irs.gov/Form1118 for instructions and the latest information.

OMB No. 1545-0123

Name of corporation Employer identification number

Use a separate Schedule K (Form 1118) for each category of income listed below. Check only one box on each schedule.

Passive Category Income

General Category Income

Section 901(j) Income: Name of Sanctioned Country ▶

Income Re-sourced by Treaty: Name of Country ▶

Foreign Tax Carryover 

Reconciliation

(i) 

10th

Preceding

Tax Year

(ii) 

9th

Preceding

Tax Year

(iii) 

8th

Preceding

Tax Year

(iv) 

7th

Preceding

Tax Year

(v) 

6th

Preceding

Tax Year

(vi) 

5th

Preceding

Tax Year

(vii) 

Subtotal (add columns (i)

through (vi))

1 Foreign tax carryover from the prior tax 

year (enter amounts from the 

appropriate columns of line 8 of the 

prior year Schedule K (see instructions))

2 Adjustments to line 1 (enter 

description—see instructions):

a Carryback adjustment 

(see instructions)

b Adjustments for section 905(c) 

redeterminations (see instructions)

c

d

e

f

g

3 Adjusted foreign tax carryover from 

prior tax year (combine lines 1 and 2).

4 Foreign tax carryover used in current 

tax year (enter as a negative number)

5 Foreign tax carryover expired unused 

in current tax year (enter as a negative 

number)

6 Foreign tax carryover generated in 

current tax year

7 Actual or estimated amount of line 6 to 

be carried back to prior tax year (enter 

as a negative number)

8 Foreign tax carryover to the following 

tax year. Combine lines 3 through 7.

For Paperwork Reduction Act Notice, see the Instructions for Form 1118. Cat. No. 51904R Schedule K (Form 1118) (Rev. 10-2017)
Schedule K (Form 1118) (Rev. 10-2017) Page 2 

Foreign Tax Carryover 

Reconciliation (continued)

(viii) 

Subtotal from page 1 

(enter the amounts from 

column (vii) on page 1)

(ix) 

4th

Preceding

Tax Year

(x) 

3rd

Preceding 

Tax Year

(xi) 

2nd

Preceding

Tax Year

(xii) 

1st

Preceding

Tax Year

(xiii) 

Current 

Tax Year

(xiv) 

Totals (add 

columns (viii)

through (xiii))

1 Foreign tax carryover from the prior tax 

year (enter amounts from the 

appropriate columns of line 8 of the 

prior year Schedule K (see instructions))

2 Adjustments to line 1 (enter 

description—see instructions):

a Carryback adjustment 

(see instructions)

b Adjustments for section 905(c) 

redeterminations (see instructions)

c

d

e

f

g

3 Adjusted foreign tax carryover from 

prior tax year (combine lines 1 and 2). 

Include the column (xiv) total on the 

current year Form 1118, Schedule B, 

Part II, line 5.

4 Foreign tax carryover used in current 

tax year (enter as a negative number)

5 Foreign tax carryover expired unused 

in current tax year (enter as a negative 

number)

6 Foreign tax carryover generated in 

current tax year

7 Actual or estimated amount of line 6 to 

be carried back to prior tax year (enter 

as a negative number)

8 Foreign tax carryover to the following 

tax year. Combine lines 3 through 7.

Schedule K (Form 1118) (Rev. 10-2017)