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Form 1118-instructions: Instructions for Schedule K (Form 1118)

Use Tax Form 1118-instructions: Instructions for Schedule K (Form 1118) as a stand alone tax form calculator to quickly calculate specific amounts for your 2018 tax return. Form 1118-instructions: Instructions for Schedule K (Form 1118) is also integrated into our comprehensive US Tax Calculator where you can complete and save your calculations for later use. Alternatively you can use one of our Combined Federal and State Tax Estimator to quickly calculate your salary, tax and take home pay.

Line 1. Reconciliation Worksheet
Caution: This worksheet is to be completed only for purposes of computing the amounts to be entered on line 1 of the corporation's Schedule K (Form 1118) for its tax year beginning in 2009 (i.e. the corporation is amending its 2009 foreign tax credit within the 10-year period described in section 6511(d)(3) (or section 6511(c) if the period is extended by agreement)).
(i)
Tax year beginning in 1998
(ii)
Tax year beginning in 1999
(iii)
Tax year beginning in 2000
(iv)
Tax year beginning in 2001
(v)
Tax year beginning in 2002
(vi)
Tax year beginning in 2003
(vii)
Tax year beginning in 2004
(viii)
Tax year beginning in 2005
(ix)
Tax year beginning in 2006
(x)
Tax year beginning in 2007
(xi)
Tax year beginning in 2008
(xii)
Totals (add columns (i) through (xi))
1   For each column, enter the applicable portion of the amount from Schedule B, Part II, line 5 of the corporation's Form 1118 for its tax year beginning in 2008.
2   Foreign tax carryover used in the corporation's tax year beginning in 2008 (enter as a negative number).
3   Foreign tax carryover expired unused in the corporation's tax year beginning in 2008 (enter as a negative number).
4   Foreign tax carryover generated in the corporation's tax year beginning in 2008.
5   Amount of line 4 carried back to the corporation's tax year beginning in 2007 (enter as a negative number).
6   Combine lines 1 through 5 and enter the results here and on line 1 of the corporation's Schedule K (Form 1118).
Note: The line 6 amounts above are to be entered on the following corresponding columns of line 1 of corporation's Schedule K (Form 1118) for its tax year beginning in 2009.(i)
10th preceding tax year
(ii)
9th preceding tax year
(iii)
8th preceding tax year
(iv)
7th preceding tax year
(v)
6th precedin g tax year
(vi)
5th preceding tax year
(ix)
4th preceding tax year
(x)
3rd preceding tax year
(xi)
2nd preceding tax year
(xii)
1st preceding tax year

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Online Instructions for Schedule K (Form 1118), complete, calculate, print or save for later use. Tax Form Calculator