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
相关表格
- 表格1118 附表K 所需员额 - 对外税收结转调节表
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
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.
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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