Form Schedule K (Form 1 Schedule K (Form 1 Foreign Tax Carryover Reconciliation Schedule

SCHEDULE K
(Form 1118)
(December 2009)

Foreign Tax Carryover Reconciliation Schedule
OMB No. 1545-0122

For calendar year 20

, or other tax year beginning
©

Department of the Treasury
Internal Revenue Service

, 20

, and ending

, 20

.

See separate instructions.
© Attach to Form 1118.

Name of corporation

Employer identification number

Use a separate Schedule K (Form 1118) for each category of income listed below. Check only one box on each schedule.
Passive Category Income
Section 901(j) Income: Name of Sanctioned Country ©
Income Re-sourced by Treaty: Name of Country ©
General Category Income
Foreign Tax Carryover
Reconciliation
1

Foreign tax carryover from the prior tax
year (enter the amount from line 6 of
the worksheet in the instructions)

2

Adjustments to line 1 (enter
description—see instructions):

(i)
10th
Preceding
Tax Year

(ii)
9th
Preceding
Tax Year

(iii)
8th
Preceding
Tax Year

(iv)
7th
Preceding
Tax Year

(v)
6th
Preceding
Tax Year

(vi)
5th
Preceding
Tax Year

(vii)
Subtotal (add columns (i)
through (vi))

a Carryback adjustment
(see instructions)

b Adjustments for section 905(c)
redeterminations (see instructions)

c
d
e
f
g
3

Adjusted foreign tax carryover from
prior tax year (combine lines 1 and 2).

4

Foreign tax carryover used in current
tax year (enter as a negative number)

5

Foreign tax carryover expired unused
in current tax year (enter as a negative
number)

6

Foreign tax carryover generated in
current tax year

7

Actual or estimated amount of line 6 to
be carried back to prior tax year (enter
as a negative number)

8

Foreign tax carryover to the following
tax year. Combine lines 3 through 7.

-0-

For Paperwork Reduction Act Notice, see the instructions for Form 1118.

Cat. No. 51904R

Schedule K (Form 1118) (12-2009)

Schedule K (Form 1118) (12-2009)

Foreign Tax Carryover
Reconciliation (continued)
1

Foreign tax carryover from the prior tax
year (enter the amount from line 6 of
the worksheet in the instructions)

2

Adjustments to line 1 (enter
description—see instructions):

Page
(viii)
Subtotal from page 1
(enter the amounts from
column (vii) on page 1)

(ix)
4th
Preceding
Tax Year

(x)
3rd
Preceding
Tax Year

(xi)
2nd
Preceding
Tax Year

(xii)
1st
Preceding
Tax Year

(xiii)
Current
Tax Year

2

(xiv)
Totals (add
columns (viii)
through (xiii))

a Carryback adjustment
(see instructions)

b Adjustments for section 905(c)
redeterminations (see instructions)

c
d
e
f
g
3

Adjusted foreign tax carryover from
prior tax year (combine lines 1 and 2).
Enter the column (xiv) total on the
current year Form 1118, Schedule B,
Part II, line 5.

4

Foreign tax carryover used in current
tax year (enter as a negative number)

5

Foreign tax carryover expired unused
in current tax year (enter as a negative
number)

6

Foreign tax carryover generated in
current tax year

7

Actual or estimated amount of line 6 to
be carried back to prior tax year (enter
as a negative number)

8

Foreign tax carryover to the following
tax year. Combine lines 3 through 7.
Schedule K (Form 1118) (12-2009)