Form 1116 Foreign Tax Credit (Individual, Estate, or Trust)

1116

Form

Department of the Treasury
Internal Revenue Service (99)

Foreign Tax Credit

OMB No. 1545-0121

2019

(Individual, Estate, or Trust)

Attach to Form 1040, 1040-SR, 1040-NR, 1041, or 990-T.
▶ Go to www.irs.gov/Form1116 for instructions and the latest information.
▶

Attachment
Sequence No. 19

Identifying number as shown on page 1 of your tax return

Name

Use a separate Form 1116 for each category of income listed below. See Categories of Income in the instructions. Check only one box on each Form
1116. Report all amounts in U.S. dollars except where specified in Part II below.

a
b

Section 951A category income
Foreign branch category income

c
d

e
f

Passive category income
General category income

g
Section 901(j) income
Certain income re-sourced by treaty

Lump-sum distributions

h Resident of (name of country) ▶
Note: If you paid taxes to only one foreign country or U.S. possession, use column A in Part I and line A in Part II. If you paid taxes to
more than one foreign country or U.S. possession, use a separate column and line for each country or possession.

Part I

Taxable Income or Loss From Sources Outside the United States (for category checked above)

Enter the name of the foreign country or U.S.
possession . . . . . . . . . . . ▶

i
1a

A

Foreign Country or U.S. Possession
B
C

Total
(Add cols. A, B, and C.)

Gross income from sources within country shown
above and of the type checked above (see
instructions):
1a

b

Check if line 1a is compensation for personal
services as an employee, your total
compensation from all sources is $250,000 or
more, and you used an alternative basis to
determine its source (see instructions) . . ▶

Deductions and losses (Caution: See instructions.):

2

Expenses definitely related to the income on line
1a (attach statement) . . . . . . . . .

3

Pro rata share of other deductions not definitely
related:
a
b
c
d
e
f
g

4
a

Certain itemized deductions or standard deduction
(see instructions) . . . . . . . . . . .
Other deductions (attach statement) . . . . .
Add lines 3a and 3b . . . . . . . . . .
Gross foreign source income (see instructions) .
Gross income from all sources (see instructions) .
Divide line 3d by line 3e (see instructions) . . .
Multiply line 3c by line 3f . . . . . . . .
Pro rata share of interest expense (see instructions):

5
6

Home mortgage interest (use the Worksheet
Home Mortgage Interest in the instructions) .
Other interest expense . . . . . . . .
Losses from foreign sources . . . . . .
Add lines 2, 3g, 4a, 4b, and 5 . . . . . .

7

Subtract line 6 from line 1a. Enter the result here and on line 15, page 2

b

for
.
.
.
.

Country

Part II Foreign Taxes Paid or Accrued (see instructions)

A
B
C
8

Credit is claimed
for taxes
(you must check one)
Paid
(j)
(k)

Accrued

(l) Date paid
or accrued

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▶

6
7

Foreign taxes paid or accrued
In foreign currency
Taxes withheld at source on:
(m) Dividends

(n) Rents
and royalties

(o) Interest

In U.S. dollars
(p) Other
foreign taxes
paid or
accrued

(q) Dividends

(r) Rents
and royalties

Add lines A through C, column (u). Enter the total here and on line 9, page 2 .

For Paperwork Reduction Act Notice, see instructions.

(t) Other
foreign taxes
paid or
accrued

Taxes withheld at source on:

.

.

Cat. No. 11440U

(s) Interest

.

.

.

.

.

▶

8

(u) Total foreign
taxes paid or
accrued (add cols.
(q) through (t))

Form 1116 (2019)

Form 1116 (2019)

Page

2

Part III Figuring the Credit
9

Enter the amount from line 8. These are your total foreign taxes paid
or accrued for the category of income checked above Part I . .

9

10

Carryback or carryover (attach detailed computation)

10

11

(If your income was section 951A category income (box a above
Part I), leave line 10 blank.)
Add lines 9 and 10 . . . . . . . . . . . . . . .

11

12

Reduction in foreign taxes (see instructions)

13

Taxes reclassified under high tax kickout (see instructions)

14

Combine lines 11, 12, and 13. This is the total amount of foreign taxes available for credit .

15

Enter the amount from line 7. This is your taxable income or (loss) from
sources outside the United States (before adjustments) for the category
of income checked above Part I (see instructions) . . . . . .
Adjustments to line 15 (see instructions) . . . . . . . .

15
16

17

Combine the amounts on lines 15 and 16. This is your net foreign
source taxable income. (If the result is zero or less, you have no
foreign tax credit for the category of income you checked above
Part I. Skip lines 18 through 22. However, if you are filing more than
one Form 1116, you must complete line 20.) . . . . . . .

17

18

Individuals: Enter the amount from Form 1040 or 1040-SR, line
11b; or Form 1040-NR, line 41. Estates and trusts: Enter your
taxable income without the deduction for your exemption . . .

18

16

19
20

21
22

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12 (

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13

)

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14

Caution: If you figured your tax using the lower rates on qualified dividends or capital gains, see
instructions.
Divide line 17 by line 18. If line 17 is more than line 18, enter “1” . . . . . . . . . . .

19

Individuals: Enter the total of Form 1040 or 1040-SR, line 12a, and Schedule 2 (Form 1040 or
1040-SR), line 2. If you are a nonresident alien, enter the total of Form 1040-NR, lines 42 and 44.
Estates and trusts: Enter the amount from Form 1041, Schedule G, line 1a; or the total of Form
990-T, lines 41, 42, and 44. Foreign estates and trusts should enter the amount from Form 1040-NR,
line 42 . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

20

Caution: If you are completing line 20 for separate category g (lump-sum distributions), see
instructions.
Multiply line 20 by line 19 (maximum amount of credit) . . . . . . . . . . . . . .
Enter the smaller of line 14 or line 21. If this is the only Form 1116 you are filing, skip lines 23
through 30 and enter this amount on line 31. Otherwise, complete the appropriate line in Part IV (see
instructions) . . . . . . . . . . . . . . . . . . . . . . . . . . . ▶

Part IV Summary of Credits From Separate Parts III (see instructions)
23
24
25
26
27
28
29
30
31
32

Credit for taxes on section 951A category income . . . . .
23
Credit for taxes on foreign branch category income . . . . .
24
25
Credit for taxes on passive category income . . . . . . .
Credit for taxes on general category income . . . . . . .
26
27
Credit for taxes on section 901(j) income . . . . . . . .
28
Credit for taxes on certain income re-sourced by treaty . . . .
Credit for taxes on lump-sum distributions . . . . . . . .
29
Add lines 23 through 29 . . . . . . . . . . . . . . . . . . .
Enter the smaller of line 20 or line 30 . . . . . . . . . . . . . . .
Reduction of credit for international boycott operations. See instructions for line 12 .

33

Subtract line 32 from line 31. This is your foreign tax credit. Enter here and on Schedule 3 (Form
1040 or 1040-SR), line 1; Form 1040-NR, line 46; Form 1041, Schedule G, line 2a; or Form 990-T,
line 46a
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21

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30
31
32

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Form 1116 (2019)