A foreign corporation files this schedule to report basic information for each vessel or aircraft with respect to which the corporation is subject to the 4% rate of tax on U.S. source gross transportation income (USSGTI) under section 887. Current Revision Schedule V (Form 1120-F)PDF Instructions for Schedule V (Form 1120-F) (Print VersionPDF) Recent Developments None at this time. Other Items You May Find Useful All Schedule V (Form 1120-F) Revisions Other Current Products Related Items About Form 1120-F, U.S. Income Tax Return of a Foreign Corporation About Form 8833, Treaty-Based Return Position Disclosure Under Section 6114 or 7701(b)