Worksheet A (continued) Worksheet A (continued) Worksheet- -Summary: This is an example of worksheet A, page 2, which is used to determine the shareholder's share of Subpart F income. The line items to be completed are: "17.Adjusted net foreign base company oil-related income:" "17a. Enter amount from line 5" field "17b.Expenses allocated and apportioned to line 5 under section 954(b)(5)" field "17c.Subtract line 17b from line 17a" field "18.Adjusted net full inclusion foreign base company income:" "18a.Enter the excess, if any, of line 12 over line 8" field "18b.Expenses allocated and apportioned under section 954(b)(5)" field "18c.Net full inclusion foreign base company income. Subtract line 18b from line 18a" field "18d.Net full inclusion foreign base company income excluded under high-tax exception" field "18e. Subtract line 18d from line 18c" field "19.Adjusted net foreign base company income. Add lines 14h, 15e, 16e, 17c, and 18e" "20.Adjusted net insurance income (other than related person insurance income):" "20a.Enter amount from line 7 (other than related person insurance income)" field "20b.Expenses allocated and apportioned to the amount from line 7 under section 953" field "20c.Net insurance income. Subtract line 20b from line 20a" field "20d.Net insurance income excluded under high-tax exception" field "20e.Subtract line 20d from line 20c" field "21.Adjusted net related person insurance income:" "21a.Enter amount from line 7 that is related person insurance income" field "21b.Expenses allocated and apportioned to related person insurance income under section 953" field "21c.Net related person insurance income. Subtract line 21b from line 21a" field "21d.Net related person insurance income excluded under high-tax exception" field "21e.Subtract line 21d from line 21c" field "22.International boycott income (section 952(a)(3))" field "23.Illegal bribes, kickbacks, and other payments (section 952(a)(4))" field "24.Enter the portion of line 13h that is U.S. source income effectively connected with a U.S. trade or business (section 952(b))" field "25.Exclusions under section 959(b) that apply to line 13h amount" field "26.Section 954(c) subpart F Foreign Personal Holding Company Income. Subtract the sum of lines 24 and 25 from line 13h." field "27.Enter the portion of line 14e that is U.S. source income effectively connected with a U.S. trade or business (section 952(b))" field "28.Exclusions under section 959(b) that apply to line 14e amount" field "29.Section 954(d) subpart F Foreign Base Company Sales Income. Subtract the sum of lines 27 and 28 from line 14e." field "30.Enter the portion of line 15e that is U.S. source income effectively connected with a U.S. trade or business (section 952(b))" field "31.Exclusions under section 959(b) that apply to line 15e amount" field "32.Section 954(e) subpart F Foreign Base Company Services Income. Subtract the sum of lines 30 and 31 from line 15e." field "33.Enter the sum of the portion of lines 16e, 18e, 19e, 20, 21, and 22 that is U.S. source income effectively connected with a U.S. trade or business (section 952(b))" field "34.Exclusions under section 959(b) that apply to line 16e, 18e, 19e, 20, 21, and 22 amounts" field "35.Other subpart F income. Subtract the sum of lines 33 and 34 from the sum of lines 16e, 18e, 19e, 20, 21, and 22." field "36.Total subpart F income. Add lines 26, 29, 32, and 35." field "37.Current E&P limitation computation:" field "37a.Current E&P"field "37b.Tested loss (enter as a positive number—see instructions)"field "37c.Total of line 37a and line 37b"field "38.Enter the smaller of line 36 or line 37c" field
