Schedule H (Form 1120-F) Template

Use this schedule to allocate and apportion deductions to effectively connected income under Regulations section 1.861-8.

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Why use a Schedule H (Form 1120-F)?

This schedule helps foreign corporations report deductions allocated to effectively connected income.

Allocate home office expenses

Separate deductible home office expenses related to ECI and non-ECI.
Calculate ECI deductions

Compute deductible expenses allocated and apportioned to effectively connected income.
Document methods used

Record ratio-based methods, other methods, and financial records used for allocation.

This template includes expense allocation, method ratios, financial records, and books and records reconciliation.

Home office expenses
Records total home office expenses, accounting convention, and tax adjustments.
ECI allocation lines
Calculates expenses allocated and apportioned to effectively connected income.
Method ratios
Includes gross income, asset, and personnel ratios used in the allocation method.
Financial records
Identifies audited statements, non-audited statements, cost reports, and other records.
Books and records section
Reconciles expenses from books and records used to prepare Form 1120-F, Schedule L.