Schedule B (Form 1116) Template

Use this schedule to reconcile foreign tax carryovers by income category for Form 1116.

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

Why use a schedule b (form 1116)?

A Schedule B (Form 1116) helps track carryovers from prior years through the current tax year.

Track carryover years

Record foreign tax carryovers across preceding tax years and the current year.
Show adjustments

Document carryback adjustments and section 905(c) redetermination adjustments.
Connect to Form 1116

Carry the total adjusted amount to Form 1116, Part III, line 10 when required.

This template includes category codes, carryover years, adjustments, current use, and totals.

Category selection
Checkboxes identify the same separate category code used on the attached Form 1116.
Country code fields
Fields capture sanctioned country or treaty country codes when the selected category requires them.
Carryover history
Rows track carryovers from the 10th preceding tax year through the current tax year.
Adjustment lines
Lines capture carryback adjustments and section 905(c) redetermination adjustments.
Current-year activity
Rows record carryover used, expired unused, generated, and carried back in the current year.
Following-year total
Line 8 combines the schedule amounts to show the carryover to the following tax year.