1118 Schedule J Instructions for Form 1118 Schedule J

Schedule J
(Form 1118)
(Rev. September 2016)

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

, or other tax year beginning
, 20
and ending

,

▶ 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
a
b
c
3
4
5
6
7
8
9

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:
a General category income
b Passive category income
c Other income*
10 Recapture of overall domestic
losses
11

, 20

OMB No. 1545-0123

(iii)
Other income*

(ii)
Passive category income

(iv)
U.S. income

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(

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Numerator of Limitation Fraction—
Combine lines 8 through 10. Enter each
result here and on Schedule B, Part II,
line 7, of corresponding Form 1118.

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
4
5
6

Beginning balance
Current year additions
Current year reductions (other than
recapture)
Subtotal—Combine lines 1 through 3.

(

)(

Current year recapture (from Part I, line
10)
Ending balance—Subtract line 5
from line 4.

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

Cat. No. 10309U

Schedule J (Form 1118) (Rev. 9-2016)