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Schedules for Form 1120-F

Schedule D (Form 1120), Capital Gains and Losses
Use this schedule to: figure the overall gain or loss from transactions reported on Form 8949; report certain transactions the corporation does not have to report on Form 8949; and report capital gain distributions not reported directly on Form 1120.

Schedule H (Form 1120-F), Deductions Allocated to Effectively Connected Income Under Regulations Section 1.861-8
A foreign corporation that files Form 1120-F uses this schedule to report the amount of the foreign corporation's deductible expenses that are allocated and apportioned under Regulations sections 1.861-8 and 1.861-17 and Temporary Regulations section 1.861-8T between ECI and non-ECI.

Schedule I (Form 1120-F), Interest Expense Allocation Under Regulations Section 1.882-5
File this schedule to report the amount of interest expense allocable to effectively connected income (“ECI”) and the deductible amount of such allocation for the tax year under section 882(c) and Regulations section 1.882-5.

Schedules M-1 and M-2 (Form 1120-F), Reconciliation of Income (Loss) and Analysis of Unappropriated Retained Earnings per Books
Generally, any foreign corporation that is required to complete Form 1120-F, Section II must complete Schedules M-1 and M-2 (Form 1120-F).

Schedule M-3 (Form 1120-F), Net Income (Loss) Reconciliation for Foreign Corporations with Reportable Assets of $10 Million or More
Schedule M-3, Part I, determines the adjusted financial net income (loss) of the non-consolidated foreign corporation filing Form 1120-F, U.S. Income Tax Return of a Foreign Corporation. Schedule M-3, Parts II and III, reconcile this financial result with the corporation's taxable income before the NOL deduction and special deductions on Form 1120-F.

Schedule P (Form 1120-F), List of Foreign Partner Interests in Partnerships
This schedule is used to identify and reconcile the foreign corporation's directly held partnership interests with the distributive shares of partnership effectively connected income (ECI) and the foreign corporation's effectively connected outside tax basis in each interest.

Schedule S (Form 1120-F), Exclusion of Income From the International Operation of Ships or Aircraft Under Section 883
Foreign corporations file this schedule to claim an exclusion of income under section 883 and to provide reporting information required by the section 883 regulations.

Schedule V (Form 1120-F), List of Vessels or Aircraft, Operators, and Owners
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.

Schedule UTP (Form 1120), Uncertain Tax Position Statement
This schedule asks for information about tax positions that affect the U.S. federal income tax liabilities of certain corporations that issue or are included in audited financial statements and have assets that equal or exceed $50 million.

Page Last Reviewed or Updated: 12-Sep-2016