Form Schedule J (Form 1 Schedule J (Form 1 Adjustments to Separate Limitations Income (Loss)

Schedule J
(Form 1118)
(Rev. December 2007)

Adjustments to Separate Limitation Income (Loss) Categories for
Determining Numerators of Limitation Fractions, Year-End
Recharacterization Balances, and Overall Foreign and Domestic
Loss Account Balances
For calendar year 20

Department of the Treasury
Internal Revenue Service
Name of corporation

Part I

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a
b
c
3
4
5
6
7
8
9
a
b
c
10
11

,

Attach to Form 1118. For Paperwork Reduction Act Notice, see the Instructions for Form 1118.
Employer identification number

Adjustments to Separate Limitation Income or (Losses) in Determining Numerators of Limitation
Fractions (see instructions)
(i)
General category income

1
2

, 20

, or other tax year beginning
and ending
, 20

OMB No. 1545-0122

Income or (loss) before adjustments
Allocation of separate limitation losses:
General category income
(
Passive category income
Other income*
(
Subtotal—Combine lines 1 through 2c.
Allocation of overall foreign losses
Allocation of domestic losses
(
Subtotal—Combine lines 3 through 5.
Recapture of overall foreign losses
(
Subtotal—Combine lines 6 and 7.
Recharacterization of separate limitation income:
(
General category income
Passive category income
Other income*

(ii)
Passive category income

(iii)
Other income*

(iv)
U.S. income

(
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(
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(

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(

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(

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(

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Recapture of overall domestic
losses
Numerator of Limitation Fraction—
Combine lines 8 through 10. Enter
each result here and on Part II, line 6,
of corresponding Schedule B.

Part II Year-End Balances of Future Separate Limitation Income That Must Be Recharacterized (section 904(f)(5)(C))
a General category income
b Passive category income
c Other income*

Part III Overall Foreign Loss Account Balances (section 904(f)(1))
Complete for each separate limitation income category.
1
2
3
4
5

Beginning balance
Current year additions
Current year reductions (other than
recapture)

(
Current year recapture (from Part I, line 7) (
Ending balance—Combine lines 1
through 4.

)(
)(

)(
)(

)
)

)(

)

Part IV Overall Domestic Loss Account Balances (section 904(g)(1))
1
2
3

Beginning balance
Current year additions
Current year reductions (other than
recapture)

4
5

Subtotal—Combine lines 1 through 3.
Current year recapture (from Part I,
line 10)
Ending balance—Subtract line 5
from line 4.

6

(

* Important: See Computer-Generated Schedule J in instructions.

)(

Cat. No. 10309U

Schedule J (Form 1118) (Rev. 12-2007)