Table of Contents

• General Instructions
  • Purpose of Schedule
  • Who Must File
  • Exceptions from Filing Schedule I
    • Other Forms and Schedules Related to Schedule I
    • Assets and Liabilities Based on Schedule L Set(s) of Books and Records
    • Required Reporting on Schedule I
• Specific Instructions
  • Lines 1 Through 9: All Foreign Corporations
    • Lines 1 Through 5. Step 1: Determination of Total Value of U.S. Assets
    • Lines 6 Through 7c. Step 2: Determination of U.S.-Connected Liabilities - Regulations Section 1.882-5(c)
    • Lines 8 and 9. Step 3: Interest Expense Allocation (Including U.S.-Booked Liabilities and U.S.-Booked Interest Expense Included in the Determination of Branch Interest)
  • Lines 10 Through 15. Step 3: Adjusted U.S.-Booked Liabilities Method
    • Lines 10 Through 13. Computation of AUSBL Method Allocation with Excess Interest
    • Lines 10a Through 10c. Excess Interest – Average Actual U.S. Dollar Rate
    • Lines 14a Through 15. Computation of AUSBL Method Allocation Under the Scale-Down Ratio
  • Lines 16a Through 20. Step 3: Separate Currency Pools Method
  • Lines 21 Through 25. Summary – Interest Expense Allocation and Deduction Under Regulations Section 1.882-5