Form 1116 - Foreign Tax Credit (2008)

Sep 19, 2026

Form 1116 (2008) is used to claim the foreign tax credit for a selected category of income (Passive, General, or other specified categories) by reporting taxable income or loss from sources outside the United States. It requires calculating foreign taxes paid or accrued, entering amounts in U.S. dollars or foreign currency as instructed, and filling in deductions, pro rata shares, and the limits and reductions that determine the credit. Attach to Form 1040, 1040NR, 1041, or 990-T.

LanguageEnglish

CategoryInvoices

FormatPDF

Pages2

Reading Time1 min

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Part I - Taxable Income or Loss From Sources Outside the United States

Foreign Taxes Paid or Accrued

Part II - Country

Part III - Figuring the Credit

Foreign Tax Credit OMB No. 1545-0121 2008 (99) Name Identifying number as shown on page 1 of your tax return Form 1116 Department of the Treasury Internal Revenue Service (Individual, Estate, or Trust) © Attach to Form 1040, 1040NR, 1041, or 990-T. © See separate instructions. ASacqumnceentNo. 19 Use a separate Form 1116 for each category of income listed below. See Categories of Income beginning on page 3 of the instructions. Check only one box on each Form 1116. Report all amounts in U.S. dollars except where specified in Part II below. a Passive category income c Section 901(j) income e Lump-sum distributions b General category income d Certain income re-sourced by treaty f Resident of (name of country) © Note: If you paid taxes to only one foreign country or U.S. possession, use column A in Part I and line A in Part II. If you paid taxes to more than one foreign country or U.S. possession, use a separate column and line for each country or possession. Part I Taxable Income or Loss From Sources Outside the United States (for Category Checked Above) | g Enter the name of the foreign country or U.S. possession ©
1a Gross income from sources within country shown above and of the type checked above (seepage 13 of the instructions):

b Check if line 1a is compensation for personal services as an employee, your total compensation from all sources is $250,000 or more, and you used an alternative basis to determine its source (see instructions) © | Foreign Country or U.S. Possession | | | Total
(Add cols. A, B, and C.) | | | --- | --- | --- | --- | --- | --- | | | A | B | C | | | | | | | | | | | | | | | | | | | | | | 1a | | | | | | | | | | Deductions and losses (Caution: See pages 13 and 14 of the instructions):
2 Expenses definitely related to the income online 1a (attach statement)
3 Pro rata share of other deductions not definitely related:
a Certain itemized deductions or standard
deduction (see instructions) b Other deductions (attach statement) c Add lines 3a and 3b d Gross foreign source income (see instructions) e Gross income from all sources (see instructions) f Divide line 3d by line 3e (see instructions) g Multiply line 3c by line 3f
4 Pro rata share of interest expense (see instructions): a Home mortgage interest (use worksheet on
page 14 of the instructions) b Other interest expense
5 Losses from foreign sources
6 Add lines 2, 3g, 4a, 4b, and 5 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 6 | | | 7 Subtract line 6 from line 1a. Enter the result here and on line 14, page 2 © | | | | 7 | | Foreign Taxes Paid or Accrued (see page 14 of the instructions) | | Credit is claimed for taxes
(you must check one)
(h) Paid
(i) Accrued | Foreign taxes paid or accrued | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | In foreign currency | | | | In U.S. dollars | | | | | | | | | Taxes withheld at source on: | | | (n) Other
foreign taxes
paid or
accrued | Taxes withheld at source on: | | | (r) Other
foreign taxes
paid or
accrued | | (s) Total foreign
taxes paid or
accrued (add cols.
(o) through (r)) | | | (j) Date paid
or accrued | (k) Dividends | (l) Rents
and royalties | (m) Interest | | (o) Dividends | (p) Rents
and royalties | (q) Interest | | | | | A | | | | | | | | | | | | | B | | | | | | | | | | | | | C | | | | | | | | | | | | | 8 Add lines A through C, column (s) . Enter the total here and on line 9, page 2 © | | | | | | | | | | 8 | | Part II Country For Paperwork Reduction Act Notice, see page 19 of the instructions. Cat. No. 11440U Form

FAQs

What is Form 1116 (2008) used for?

It is used to claim the foreign tax credit by reporting taxable income or loss from foreign sources and calculating foreign taxes paid or accrued for the selected income category.

How many forms are required for different categories of income?

Use a separate Form 1116 for each category of income listed; check only one box on each form.

What happens if you paid taxes to more than one foreign country or U.S. possession?

Use a separate column and line for each country or possession so the income and calculations are handled per location.

Sep 19, 2026

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