Form 1116

Use this form to calculate the foreign tax credit for an individual, estate, or trust.

By using this template, you agree to our Template Terms of Use.

Why use a form 1116?

A Form 1116 helps taxpayers organize foreign income, foreign taxes, and separate credit calculations.

Separate income categories

Check the applicable income category before reporting foreign income and taxes.
Calculate credit limits

Work through taxable income, foreign taxes, and limitation amounts in one form.
Summarize credits

Bring separate category credits together for the final foreign tax credit amount.

This template includes foreign income, foreign tax, credit calculation, and separate credit summary sections.

Income category checkboxes
Checkboxes for section 951A, foreign branch, passive, general, treaty, and other categories.
Foreign income section
Part I captures taxable income or loss from sources outside the United States.
Foreign taxes section
Part II records taxes paid or accrued by country, currency, and withholding type.
Credit calculation
Part III calculates available foreign taxes, taxable income, limitation, and credit amount.
Separate credit summary
Part IV summarizes credits by income category before the final credit amount.