Table of Contents

• Instructions for Form 5735 - Introductory Material
  • A Change To Note
• General Instructions
  • Purpose of Form
  • Who Must File
  • Where To File
  • Existing Credit Claimant
  • Special Rules for Certain Possessions
    • Puerto Rico
    • Guam, American Samoa, and the Commonwealth of the Northern Mariana Islands
  • Qualifying for the Credit
  • Restrictions
    • IC-DISC or FSC
    • Alternative Minimum Tax
    • Foreign Tax Credit/Deduction
  • Other Forms and Schedules That May Be Required
  • Source of Gross Income, etc.
• Specific Instructions
  • Part I—Gross Income in Applicable Period
  • Part II—Taxable Income From Possession Sources
  • Part III—Possessions Credit Using the Percentage Limitation Method
  • Part IV—Possessions Credit Using the Economic-Activity Limitation Method
  • Part V—Deduction For Possession Income Taxes
  • Part VI—Summary From Schedule P (Form 5735)
• Instructions for Form 5735 - Notices
  • Paperwork Reduction Act Notice.