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表1118 附表K的说明

关于附表K的说明(表1118)

2018年12月修订本

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Department of the Treasury  
Internal Revenue Service  
Instructions for Schedule K  
(Form 1118)  
(Rev. December 2018)  
Section references are to the Internal Revenue  
Code unless otherwise noted.  
Carryforward of Excess Foreign Taxes in  
the instructions for Form 1118 for details).  
This activity is shown on lines 6 through 8  
of the Schedule K (Form 1118).  
prior year Schedule K. Enter on line 1,  
column (iii) of the current year Schedule K  
the amount from line 8, column (iv) of the  
prior year Schedule K.  
Future Developments  
Line 2. Adjustments to line 1. Report  
on lines 2a, 2b, 2c, 2d, etc. any  
adjustments resulting from events that  
occurred between the filing of the prior  
year tax return and the filing of the current  
year tax return.  
For the latest information about  
Who Must File  
developments related to Schedule K  
(Form 1118) and instructions, such as  
legislation enacted after they were  
published, go to IRS.gov/Form1118.  
With respect to each separate category of  
income, any corporation filing Form 1118  
that has a foreign tax carryover in the prior  
tax year, the current tax year, or both must  
file Schedule K (Form 1118) for that  
separate category of income.  
What’s New  
Line 2a. Carryback adjustment.  
Enter on line 2a, column (xii) the  
The separate category checkboxes have  
been deleted at the top of page 1 of  
Schedule K. Taxpayers are now required  
to enter a separate category code on new  
line a. If applicable, taxpayers should also  
enter a country code on line b or line c.  
See Codes at top of page 1, later, for  
additional information.  
difference between any estimated  
carryback amount you may have used on  
your prior year carryover schedule (i.e.,  
any estimated carryback amount that you  
entered on line 7, column (xiii) of the prior  
year Schedule K (Form 1118)) and the  
actual carryback amount.  
Definitions  
Excess limitation. If the corporation's  
foreign tax credit limitation (Schedule B,  
Part II, line 11) exceeds its current year  
foreign taxes available for credit (the sum  
of Schedule B, Part II, lines 1 through 4),  
the corporation has excess limitation.  
Example. In the 2018 tax year,  
Corporation A has excess foreign taxes of  
$100 (i.e., the sum of lines 1 through 4 of  
Form 1118, Schedule B, Part II exceeds  
Form 1118, Schedule B, Part II, line 11 by  
$100) entered on Schedule K (Form  
1118), line 6. Corporation A enters $20 on  
line 7 as the estimated amount of line 6 to  
be carried back to the 2017 tax year.  
Corporation A enters $80 on line 8 as the  
carryover amount for following years. The  
actual carryback amount to the 2017 tax  
year is later determined to be $15. In the  
2019 tax year, Corporation A enters $80  
on line 1, column (xii) as the carryover  
from the 2018 tax year, corresponding to  
the amount entered on line 8, column (xiii)  
of the Schedule K filed for the 2018 tax  
year. Because the estimated carryback  
amount of $20 from the 2018 tax year to  
the 2017 tax year (entered on line 7 of the  
Schedule K filed for the 2018 tax year)  
exceeds the actual carryback of $15, on  
the Schedule K for the 2019 tax year,  
Corporation A enters the $5 excess ($20 -  
$15) on line 2a as a positive number.  
Assuming no other adjustments are  
Excess foreign taxes. If the  
General Instructions  
corporation's current year foreign taxes  
available for credit (the sum of  
Schedule B, Part II, lines 1 through 4)  
exceed its foreign tax credit limitation  
(Schedule B, Part II, line 11), the  
corporation has excess foreign taxes.  
Purpose of Schedule  
Schedule K (Form 1118) is used to  
reconcile the corporation's prior year  
foreign tax carryover with its current year  
foreign tax carryover. Corporations are  
thus reporting running balances of their  
foreign tax carryovers showing all activity  
since the filing of the prior year income tax  
return.  
Specific Instructions  
Important: All information reported on  
Schedule K (Form 1118) must be in  
English. All amounts must be stated in  
U.S. dollars.  
Lines 1 through 3. On these lines, the  
corporation computes its adjusted foreign  
tax carryover from the prior tax year which  
is available for credit in the current tax  
year. The line 3 total is included on Form  
1118, Schedule B, Part II, line 5.  
Codes at top of page 1. On line a, enter  
the same separate category code as that  
shown on the Form 1118 to which this  
Schedule K is attached.  
Line 4. If the corporation has a current  
year excess limitation (defined below),  
some or all of the line 3 adjusted foreign  
tax carryover amount will be utilized in the  
current tax year. This activity is shown on  
line 4 of the Schedule K (Form 1118).  
Note. Do not complete Schedule K for  
section 951A category income because  
the carryover provisions of section 904(c)  
do not apply to foreign taxes assigned to  
section 951A category income.  
If applicable, on line b or line c, enter  
the same country code as that shown on  
the Form 1118 to which this Schedule K is  
attached.  
Lines 5 through 8. If the corporation has  
current year excess foreign taxes (defined  
below), none of the line 3 adjusted foreign  
tax carryover amount will be utilized in the  
current tax year. If the corporation has any  
remaining carryover from the 10th  
needed, the total carryover amount from  
2018 entered on line 3, column (xii) of the  
2019 Schedule K will be $85 ($80 + $5).  
Line 2b. Adjustments for section  
905(c) redeterminations. Enter on  
line 2b any adjustments needed for  
section 905(c) redeterminations. See  
Foreign Tax Credit Redeterminations in  
the instructions for Form 1118 for  
additional information.  
Line 1. Foreign tax carryover from the  
prior tax year. Enter on line 1 the  
amounts from the appropriate columns of  
line 8 of the prior year Schedule K (Form  
1118). For example, enter on line 1,  
preceding tax year, this carryover amount  
will expire unused. This activity is shown  
on line 5 of the Schedule K (Form 1118).  
Furthermore, the corporation will generate  
a foreign tax carryover in the current tax  
year which can be carried back to the prior  
tax year and/or carried forward to future  
tax years (see Carryback and  
column (i) of the current year Schedule K  
the amount from line 8, column (ii) of the  
prior year Schedule K. Enter on line 1,  
column (ii) of the current year Schedule K  
the amount from line 8, column (iii) of the  
Dec 03, 2018  
Cat. No. 52009v  
 
Lines 2c, 2d, 2e, etc. Include on  
these additional lines the following types  
of adjustments needed to reflect:  
$250 (i.e., Form 1118, Schedule B, Part II,  
line 11 exceeds the sum of lines 1 through  
4 of Form 1118, Schedule B, Part II by  
$250). The amount on line 3, column (i) is  
$80. The amount on line 3, column (ii) is  
$60. The amount on line 3, column (iii) is  
$130. The amount on line 3 of all  
the time the corporation files its current  
year income tax return, the actual amount  
is not available, an estimated or tentative  
amount may be entered on line 7. If an  
estimated amount is entered on line 7 and  
this amount differs from the actual  
Carryovers gained or lost due to  
reorganizations of the corporation's  
controlled/consolidated group.  
Domestic audit adjustments.  
carryback amount, the difference will be  
entered on line 2a of the subsequent year  
Schedule K (Form 1118).  
Any other adjustments needed to  
subsequent columns is irrelevant for  
purposes of this example. Corporation A  
enters $80 on line 4, column (i); $60 on  
line 4, column (ii); $110 on line 4, column  
(iii); the $250 subtotal on the line 4,  
column (vii); the $250 subtotal on line 4,  
column (viii); and the $250 total on line 4,  
column (xiv).  
properly reflect the total carryover amount  
from the prior tax year that is available for  
credit in the current tax year.  
Note. In order to carry back amounts to  
the first preceding tax year, that first  
preceding tax year must be an excess  
limitation year (as defined on page 1).  
Note. Be sure to enter a brief description  
of each applicable adjustment item  
immediately after the lower case letter in  
the first column of the schedule.  
Note. When this line 7 carryback amount  
is subtracted from line 6, the difference is  
the amount of the foreign tax carryover  
generated in the current tax year which will  
be carried forward to the subsequent tax  
year.  
The line 4, column (xiv) total  
Line 3. Adjusted foreign tax carryover  
from prior tax year. Combine lines 1  
and 2. The total amount in line 3, column  
(xiv) is the adjusted carryover amount  
from the prior tax year. It is included on  
Schedule B, Part II, line 5 (and, if filing an  
amended return, combined with  
cannot exceed the amount of the  
!
CAUTION  
current year excess limitation.  
Line 5. Foreign tax carryover expired  
unused in current tax year. Line 5 is  
completed only with respect to the 10th  
preceding tax year (and the “Subtotal” and  
“Totals” columns). For the 10th preceding  
tax year (column (i)), combine lines 3 and  
4 and enter the result on line 5, column (i).  
Line 1 Reconciliation  
Worksheet  
carrybacks into the current tax year) to  
determine the total amount of foreign  
taxes that are available for credit in the  
current tax year.  
If the corporation is amending its 2009  
foreign tax credit within the 10-year period  
described in section 6511(d)(3) (or section  
6511(c) if the period is extended by  
Line 6. Foreign tax carryover gener-  
ated in current tax year. With respect to  
a given separate limitation, line 6 is  
Line 4. Foreign tax carryover utilized in  
current tax year. With respect to a given  
separate limitation, line 4 is completed  
only if the corporation has a current year  
excess limitation (defined above).  
agreement), use the worksheet on page 3  
to compute the amounts to be entered on  
line 1 of the corporation's Schedule K.  
completed only if the corporation has  
current year excess foreign taxes (defined  
on page 1). Enter in column (xiii) (the  
current tax year column) the amount of the  
corporation's unused foreign tax for the  
current tax year (i.e., the amount by which  
the sum of lines 1 through 4 of Form 1118,  
Schedule B, Part II, exceeds the amount  
on Form 1118, Schedule B, Part II,  
Lines 2 through 5. Use the instructions  
for lines 4 through 7 of the Schedule K  
above to complete lines 2 through 5,  
respectively, of the Line 1 Reconciliation  
Worksheet.  
Enter in each column the foreign tax  
carryover utilized in the current tax year.  
Starting with column (i), the amount to be  
entered on line 4 of a given column will be  
the amount on line 3 of that column, but  
only to the extent that it does not exceed:  
Additional Information  
line 11). Also enter the same amount in  
the “Totals” column (column (xiv)).  
The amount of the current year excess  
For more information, see section 904(c)  
and Regulations section 1.904-2 and  
Temporary Regulations section 1.904-2T.  
limitation (defined above), less  
The sum of all amounts entered in all  
Line 7. Actual or estimated amount of  
line 6 carried back to the prior tax  
year. Enter the amount of line 6 carried  
back to the first preceding tax year. If, at  
previous columns of line 4.  
Example. For the current tax year,  
Corporation A has an excess limitation of  
Instructions for Schedule K (Form 1118) (Rev. Dec. 2018)  
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Instructions for Schedule K (Form 1118) (Rev. Dec. 2018)  
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