Corporations use this form to compute their foreign tax credit for certain taxes paid or accrued to foreign countries or U.S. possessions. Current Revision Form 1118 PDF Instructions for Form 1118 (Print Version PDF) Recent Developments Clarification Concerning Completion of Tax Year 2020 Form 1118, Schedule C -- 27-AUG-2021 Clarification Concerning Completion of Tax Year 2020 Form 1118, Schedule D -- 18-AUG-2021 Reporting Related to IRC Section 965 on 2017 Returns -- 08-MAR-2018 Other Items You May Find Useful All Form 1118 Revisions About Publication 1167, General Rules and Specifications for Substitute Forms and Schedules Other Current Products Related Items Schedule I (Form 1118), Reduction of Foreign Oil and Gas Taxes About Schedule J (Form 1118), Adjustments to Separate Limitation Income (Loss) Categories for Determining Numerators of Limitation Fractions, Year-End Recharacterization Balances, and Overall Foreign Loss Account Balances About Schedule K (Form 1118), Foreign Tax Carryover Reconciliation Schedule
