Table of Contents

• Instructions for Form 1116 - Introductory Material
  • Future Developments
  • What's New for 2012
• General Instructions
  • Election To Claim the Foreign Tax Credit Without Filing Form 1116
  • Purpose of Form
  • Credit or Deduction
  • Foreign Taxes Eligible for a Credit
  • Foreign Taxes Not Eligible for a Credit
  • Foreign Currency Conversion
  • Foreign Tax Credit Redeterminations
  • Income From Sources Outside theUnited States
  • Categories of Income
    • a. Passive Category Income
    • b. General Category Income
    • c. Section 901(j) Income
    • d. Certain Income Re-Sourced by Treaty
    • e. Lump-Sum Distributions
  • Special Rules
    • Look-Through Rules
    • Reporting Foreign Tax Information From Partnerships and S Corporations
  • Foreign Qualified Dividends and Capital Gains (Losses)
    • Qualified Dividends and Capital Gain Tax Worksheet (Individuals)
    • Qualified Dividends Tax Worksheet (Estates and Trusts)
    • Schedule D Filers
• Specific Instructions
  • Part I—Taxable Income or Loss From Sources Outside the United States
    • Line g—Foreign Country or U.S. Possession
    • Lines 1a and 1b—Foreign Gross Income
    • Lines 2 Through 5—Deductions and Losses
  • Part II—Foreign Taxes Paid or Accrued
  • Part III—Figuring the Credit
    • Line 10
    • Line 12
    • Line 13
    • Line 15
    • Line 16
    • Line 18
    • Line 20
    • Line 22
  • Part IV— Summary of Credits From Separate Parts III
    • Line 28
• Instructions for Form 1116 - Notices
  • Paperwork Reduction Act Notice.