Form Schedule P (Form 1 Schedule P (Form 1 List of Foreign Partner Interest in Partnerships

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SCHEDULE P
(Form 1120-F)

I.R.S. SPECIFICATIONS
TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
FORM 1120-F (Sch P), PAGE 1 of 2
MARGINS; TOP 13mm (1/2"), CENTER SIDES.
PRINTS: ONE SIDED
PAPER: WHITE WRITING, SUB. 20.
INK: BLACK
FLAT SIZE: 216mm (8-1/2") x 279mm (11")
PERFORATE: None
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Date

Name of corporation (foreign partner)

Signature

O.K. to print
Revised proofs
requested

OMB No. 1545-0126

List of Foreign Partner Interests in Partnerships

Department of the Treasury
Internal Revenue Service

Part I

Action

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©

©

2008

Attach to Form 1120-F.

See separate instructions.

Employer identification number (EIN)

List of Foreign Partner Interests in Partnerships

(a) Name of partnership

A

(b) Address

(c) EIN

(d) For each partnership, is the foreign
corporation’s distributive share ECI, or
treated as ECI, in whole or in part, with a
U.S. trade or business determined
under section 875 (see instructions)?

Yes

No

Yes

No

Yes

No

Yes
Note: If corporation has more than 4 partnership interests, continue on separate page. See instructions.

No

B
C
D

Part II

Foreign Partner Income and Expenses: Reconciliation to Schedule K-1 (Form 1065)
Schedules K-1
A

B

C

D

Total

1 Net income (loss) reported on lines 1
through 3, Schedule K-1
2 Gross income included on lines 1
through 3, Schedule K-1
3 Gross effectively connected income (ECI)
on lines 1 through 3, Schedule K-1
4 Other non-interest expenses on lines 1
through 3, Schedule K-1
5 Non-interest expenses on lines 1 through
3, Schedule K-1, allocated to gross ECI
6 Other gross income reported on
Schedule K-1
7 Other gross ECI reported on
Schedule K-1
8 Other non-interest expenses reported
on Schedule K-1
9 Other non-interest expenses reported
on Schedule K-1 allocated to ECI
10 Total gross income. Add lines 2
and 6
11 Total gross effectively connected
income. Add lines 3 and 7
12 Interest expense on lines 1 through 3,
Schedule K-1
13 Other interest expense reported on
Schedule K-1, lines 13 and 18
14a Total interest expense. Add lines 12
and 13
b Interest expense directly allocable
under Temporary Regulations section
1.882-5T(a)(1)(ii)(B). (Note: Include the
line 14b total on Schedule I, line 22.)
c Subtract line 14b from line 14a. (Note:
Enter the line 14c total on Schedule I,
line 9, column (b).)
For Privacy Act and Paperwork Reduction Act Notice,
see the Instructions for Form 1120-F.

Cat. No. 49677Z

Schedule P (Form 1120-F) 2008

3
I.R.S. SPECIFICATIONS
TO BE REMOVED BEFORE PRINTING
INSTRUCTIONS TO PRINTERS
FORM 1120-F (Sch P), PAGE 2 of 2
MARGINS; TOP 13mm (1/2"), CENTER SIDES.
PRINTS: ONE SIDED
PAPER: WHITE WRITING, SUB. 20.
INK: BLACK
FLAT SIZE: 216mm (8-1/2") x 279mm (11")
PERFORATE: None
DO NOT PRINT — DO NOT PRINT — DO NOT PRINT — DO NOT PRINT

Schedule P (Form 1120-F) 2008

Part III

Page

2

Foreign Partner’s Average Outside Basis Under Regulations sections 1.882-5(b) and 1.884-1(d)(3)

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Schedules K-1

A

15 Section 705 outside basis
16a Partner’s liabilities included in outside
basis under section 752 that give rise
to directly allocable interest expense
under Temporary Regulations section
1.882-5T(a)(1)(ii)(B)
b All other liabilities included in partner’s
outside basis under section 752
c Add lines 16a and 16b
d Subtract line 16c from line 15
17 Partner’s liabilities under Regulations
section 1.884-1(d)(3)(vi). (Note: Enter
the line 17 total on Schedule I, line 8,
column (b).)
18 Partner’s outside basis under
Regulations section 1.884-1(d)(3)(vi).
Add lines 16d and 17
19 Partner’s outside basis allocable to ECI
under Regulations section 1.884-1(d)(3)(i).
(Note: Enter the line 19 total on Schedule
I, line 5, column (b).)
20 Enter “income” or “asset” to indicate
the allocation method used on line 19
(see instructions)

B

C

D

Total

Schedule P (Form 1120-F) 2008