Table of Contents

• Instructions for Form 1118 - Introductory Material
  • What's New
• General Instructions
  • Purpose of Form
  • Who Must File
  • When to Make the Election
  • Computer-Generated Form 1118
  • How To Complete Form 1118
  • Categories of Income
    • Passive Income
    • High Withholding Tax Interest
    • Financial Services Income
    • Shipping Income
    • Dividends From 10/50 Corporations
    • Dividends From a DISC or Former DISC
    • Taxable Income Attributable to Foreign Trade Income
    • Certain Distributions From a FSC or Former FSC
    • Section 901(j) Income
    • Income Re-sourced by Treaty
    • General Limitation Income
  • Special Rules
    • Source Rules for Income
    • Amounts That Do Not Constitute Income Under U.S. Tax Principles
    • Look-Through Rules
    • Other Rules
    • Reporting Foreign Tax Information From Partnerships
    • Capital Gains
    • Coordination with Section 936
  • Credit Limitations
    • Taxes Eligible for a Credit
    • Credit or Deduction
    • No Credit or Deduction
    • Carryback and Carryforward of Excess Foreign Taxes
  • Treaty-Based Return Positions
  • Proof of Credits
  • Foreign Tax Credit Redeterminations
    • Reporting Requirements
    • Interest and Penalties
• Specific Instructions
  • Schedule A
  • Schedule B
    • Part I—Foreign Taxes Paid, Accrued, and Deemed Paid
    • Part II—Separate Foreign Tax Credit
    • Part III—Summary of Separate Credits
  • Schedules C, D, and E
  • Schedule C
    • Part I—Dividends and Deemed Inclusions From Post-1986 Undistributed Earnings
    • Part II—Dividends Paid Out of Pre-1987 Accumulated Profits
    • Part III—Deemed Inclusions From Pre-1987 Earnings and Profits
  • Schedule D
    • Part I—Tax Deemed Paid by First-Tier Foreign Corporations
    • Part II—Tax Deemed Paid by Second-Tier Foreign Corporations
  • Schedule E
  • Schedule F
  • Schedule G
  • Schedule H
    • Computer-Generated Schedule H
    • Part I—Research and Development Deductions
    • Part II—Interest Deductions, All Other Deductions, and Total Deductions
  • Schedules I and J
• Instructions for Form 1118 - Notices
  • Foreign Country and U.S. Possession Codes
  • Paperwork Reduction Act Notice.