1 1 1 6 Computation of Foreign Tax Credit
Form Individual, Fiduciary, or Nonresident Alien Individual
Department of the Treasury P Attach to Form 1040, 1040NR, 1041, or 990-T.
P See separate Instructions.

Internal Revenue Service

OMB No. 1545-0121

1986

Attachment
Sequence No. 52

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. This form is being completed for credit for taxes on:

CO. Distributions from a Foreign Sales Corporation (FSC) or former FSC
C Allother income from sources outside the United States (including

1 Nonbusiness (section 904(d)) interest income
(2 Dividends from an IC-DISC or former DISC

income from sources within U.S. possessions)

Resident of (name of country) >

Note: /f you paid taxes to one foreign country, use column A in Parts | and II. If you paid taxes to more than one foreign country, use a

separate column for each country.

Taxable Income From Sources Outside the United States

Write the Name of the > Foreign Country 0 or U.S.
Possession . .

1 Gross income from sources within country shown
above (see instructions):

a Dividends . .

b Gross rents and royalties . :

¢ Foreign source capital gain net income

d Wages, salaries, and other employee compensation

e Business or profession (Schedules C or F (Form
1040), K-1 (Form 1065), and K-1 (Form 1120S)) .

f Gross income from trusts and estates .

g Other (including interest—attach schedule).
h Add lines 1a through 1g

Foreign Country or U.S. Possession

Total

A

c

(Add Cols. A, B, and C)

_

_.

_

ih

2 Applicable deductions and losses (wee instructions):
a Expenses directly allocable to the income on line le
b Depreciation, depletion, repairs, and other ex-
penses directly allocable to the income online 1b .
© Other expenses directly allocable to specific income
items (attach schedule) . :
d Pro rata share of all other deductions not directly
allocable:
(i) Itemized deductions (attach schedule) .
(ii) Other deductions (attach schedule) .
(iii) Add lines 2d(i) and 2d(ii) we
(iv) Total foreign sourceincome(see instructions)
(v) Gross income from all sources (see instruc-
tions).
(vi) Divide line 2d(iv) by line 2d(v) .
(vii) Multiply line 2d(iii) by line 2d(vi) .
€ Losses from foreign sources .

//)

f Add lines 2a through 2c, 2d(vii), and 2e : 2t
3 Subtract line 2f from line 1h. Enter the result here and in Part Ill, line6_. . AE}
Foreign Taxes Paid or Accrued (Attach receipt or copy of return)
1. Credit is 2. Foreign Taxes Paid or Accrued
>|__ claimed for taxes
E} youmust check one) In Foreign Currency In US. Dollars
| 1 Paid; or Taxes Withheld at Source on: (¢) Other Taxes Withheld at Source on: (f) Other (g) Total Foreign
tLe Tares Pa or Toresbetor | Accrued (ads Cols
orccraed (@)Dwidends | aaP Royalties fccrued” | ()DWviderds | aE Riraties Accrued ©. (@), and ()
A
B
c
3__Add lines A through C, column (g). Enter the total here and on Part Ill, ine 1. >

For Paperwork Reduction Act Notice, see page 2 of separate Instructions.

Form 1116 (1986)


Form 1116 (1986)

Page 2

Computation of Foreign Tax Credit

1 Enter amount from Part Il, line 3. (This is the total foreign taxes paid
or accrued.) Soe ee woe tt
2 Carryback or carryover (attach detailed computation). . . . . . L2
3 Addlinessland2,................./3
4 Reduction in foreign taxes (see instructions). . . . . . . . . L4
5 Subtract line 4 from line 3. (This is the total amount of foreign taxes available forcredit.). . . . 5
6 Enter amount from Part I, line 3. (This is your taxable income (or loss)
from sources outside the United States.) If this is a loss, you have no
foreign tax credit for the type of income you checked on page 1. Skip
lines 7 through 15 6
7 Recapture of prior year overall foreign losses (attach computation). . 7
8 Subtract line 7 from line 6. This is your net foreign source taxable income 8
9 Individuals: Enter amount from Form 1040, line 35, or from Form
1040NR, line 36. Estates and trusts: Make no entry; skiptoline 11 . 9
10 Enter $3,670 (joint return or widow(er)), $2,480 (single or head of
household), or $1,835 (married filing separate return). . . . . Le
11 Individuals: Subtract line 10 from line 9. Estates and trusts: Enter on this line your taxable income
without the deduction for yourexemption. . . . . 11
12 Divide line 8 by line 11. ({fline 8 is more than line 11, enterthe figure“‘1."). . . 12
13 Individuals: Enter amount from Form 1040, line 45, or Form 1040NR, line 45. Estates and trusts: |
Enter amount from Form 1041, line 25c, or Form 990-T, line 8 . 13
14 Multiply line 13 by line 12. (Maximum amount of credit.) 14
15 Enter the amount from line 5 or line 14, whichever is smaller. (If this i is the only Form 1116 ye you are
completing, skip lines 1 through 4 in Part IV and enter this amount on line 5, Part IV. Otherwise,
complete the appropriate linesinPartlV.) . . . . . . el el ee)
[uaa Summary of Credits From Separate Parts Ill (See Instructions)
1 Credit for taxes on nonbusiness (section 904(d)) interest income . . 1
2 Credit for taxes on dividends from an IC-DISC or former DISC 2
3 Credit for taxes on distributions from a FSC or former FSC 3
4 Credit for taxes on all other income from sources outside the United
States (including income from sources within U.S. possessions). . . 4
5 Add lines 1 through 4 5
6 Reduction of credit for international boycott “operations (see “Reduction of Credit for International
Boycott Operations” in instructions for Part Ill) , . 6
7 Subtract line 6 from line 5. This is your foreign tax credit. Enter here and on Form 1040, line 46,
Form 1040NR, line 46, Form 1041, line 26a, or Form990-T, lineQ(a)_. . . . . . | 7