[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"detail-sidebar-cat-1-en-105":3,"doc-seo-303150-105":53,"doc-detail-303150-en":126},{"code":4,"msg":5,"data":6},0,"success",[7,14,19,24,29,34,39,44,49],{"id":8,"doc_module":9,"doc_module_name":10,"category_name":11,"show_sort_weight":12,"slug":13},11,1,"Template","Presentations",90,"presentations",{"id":15,"doc_module":9,"doc_module_name":10,"category_name":16,"show_sort_weight":17,"slug":18},12,"Resumes",80,"resumes",{"id":20,"doc_module":9,"doc_module_name":10,"category_name":21,"show_sort_weight":22,"slug":23},14,"Invoices",70,"invoices",{"id":25,"doc_module":9,"doc_module_name":10,"category_name":26,"show_sort_weight":27,"slug":28},15,"Posters",60,"posters",{"id":30,"doc_module":9,"doc_module_name":10,"category_name":31,"show_sort_weight":32,"slug":33},16,"Social Media",50,"social-media",{"id":35,"doc_module":9,"doc_module_name":10,"category_name":36,"show_sort_weight":37,"slug":38},17,"Forms",40,"forms",{"id":40,"doc_module":9,"doc_module_name":10,"category_name":41,"show_sort_weight":42,"slug":43},18,"Letters",30,"letters",{"id":45,"doc_module":9,"doc_module_name":10,"category_name":46,"show_sort_weight":47,"slug":48},21,"Paper Templates",5,"papers-templates",{"id":50,"doc_module":9,"doc_module_name":10,"category_name":51,"show_sort_weight":4,"slug":52},158,"General","general-158",{"code":4,"msg":54,"data":55},"ok",{"site_id":56,"language":57,"slug":58,"title":59,"keywords":60,"description":61,"schema_data":62,"social_meta":119,"head_meta":121,"extra_data":123,"updated_unix":125},105,"en","schedule-b-foreign-tax-carryover-reconciliation","Schedule B - Foreign Tax Carryover Reconciliation","","Schedule B (Form 1116) provides the Foreign Tax Carryover Reconciliation framework used to track carryover amounts across multiple prior tax years and reconcile them for the current tax year. The schedule separates carryover from the prior year, applies adjustments such as carrybacks and section 905(c) redeterminations, and calculates adjusted and remaining carryover. It also captures carryover used, expired, generated, and any amounts carried back, culminating in carryover to the following tax year for subsequent 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Morgan","Person",{"url":68,"name":91,"@type":92},"DocShare","Organization","application/pdf","2026-10-05","2026-09-19",true,{"@type":98,"interactionType":99,"userInteractionCount":79},"InteractionCounter",{"@type":100},"ViewAction",{"@type":102,"mainEntity":103},"FAQPage",[104,110,114],{"name":105,"@type":106,"acceptedAnswer":107},"What is Schedule B used for with Form 1116?","Question",{"text":108,"@type":109},"Schedule B is used to reconcile foreign tax carryover amounts and carry them across tax years when preparing Form 1116.","Answer",{"name":111,"@type":106,"acceptedAnswer":112},"Which adjustments are reported on the schedule?",{"text":113,"@type":109},"The schedule includes adjustments to foreign tax carryover, such as carryback adjustments and adjustments for section 905(c) redeterminations.",{"name":115,"@type":106,"acceptedAnswer":116},"How does the schedule determine foreign tax carryover to the following tax year?",{"text":117,"@type":109},"It combines lines 3 through 7 to compute the carryover amount to the following tax year.","https://schema.org",{"og:url":78,"og:type":120,"og:title":59,"og:site_name":91,"og:description":61},"article",{"robots":122,"canonical":78},"index,follow",{"doc_id":124,"site_id":56},303150,1790465079,{"code":4,"msg":5,"data":127},{"doc_id":124,"user_id":128,"nickname":88,"user_avatar":129,"doc_module":9,"category_id":35,"category_name":36,"doc_title":59,"doc_description":61,"doc_content":130,"file_id":131,"file_url":132,"file_type":133,"file_size":134,"view_count":79,"is_deleted":4,"is_public":9,"is_downloadable":9,"audit_status":9,"page_count":73,"language":135,"language_code":57,"site_id":56,"html_lang":57,"table_of_contents":136,"faqs":137,"seo_title":138,"seo_description":61,"update_tm":139,"read_time":9},1099523885336,"https://ap-avatar.wpscdn.com/davatar_276721f389ce27ea32af1340a28f341c","| SCHEDULE B   | Foreign Tax Carryover Reconciliation Schedule   |  |\n| --- | --- | --- |\n| (Form 1116)  \u003Cbr>(Rev.December 2022)  \u003Cbr>Department of the Treasury  \u003Cbr>Internal Revenue Service   | ,20  \u003Cbr>,and ending  \u003Cbr>,20  \u003Cbr>For calendar year 2_______or other tax year beginning  \u003Cbr>See separate instructions.  \u003Cbr>Attach to Form 1116.  \u003Cbr>Go to www.irs.gov/Form1116 for instructions and the latest information.   | OMB No.1545-0121   |\n|  |  |  |\n|  |  |  |\n|  |  |  |\n|  |  |  |\n| Name   |  | Identifying number as shown  \u003Cbr>on page 1 of your tax return   |\n| Use a separate Schedule B(Form 1116)for each applicable category of income listed below.See instructions.Check only one box on each schedule.   |  |  |\n\nCheck the box for the same separate category code as that shown on the Form 1116 to which this Schedule B is attached.  \na □Reserved for future usec □Passive category income e □Section 901(j)incomeb □Foreign branch category incomed □ General category incomef □Certain income re-sourced by treaty  \nh If boxe is checked,enter the country code for the sanctioned country.See instructions....  \ni lf boxfis checked,enter the country code for the treaty country.See instructions  \n\n| Foreign Tax Carryover  \u003Cbr>Reconciliation   | (i)  \u003Cbr>10th Preceding  \u003Cbr>Tax Year   | (i)  \u003Cbr>9th Preceding  \u003Cbr>Tax Year   | (ii)  \u003Cbr>8th Preceding  \u003Cbr>Tax Year   | (iv)  \u003Cbr>7th Preceding  \u003Cbr>Tax Year   | (v)  \u003Cbr>6th Preceding  \u003Cbr>Tax Year   | (vi)  \u003Cbr>5th Preceding  \u003Cbr>Tax Year   | (vii)  \u003Cbr>Subtotal  \u003Cbr>(add columns(i)  \u003Cbr>through (vi)   |\n| --- | --- | --- | --- | --- | --- | --- | --- |\n| 1 Foreign tax carryover from the prior tax  \u003Cbr>year(enter amounts from the appropriate  \u003Cbr>columns of line 8 of the prioryear  \u003Cbr>Schedule B (see instructions))   |  |  |  |  |  |  |  |\n| 2 Adjustments to line 1(enter  \u003Cbr>description-see instructions):   |  |  |  |  |  |  |  |\n| a Carryback adjustment(see instructions)   |  |  |  |  |  |  |  |\n| b Adjustments for section 905(c)  \u003Cbr>redeterminations(see instructions)   |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |  |\n| c   |  |  |  |  |  |  |  |\n| d   |  |  |  |  |  |  |  |\n| e   |  |  |  |  |  |  |  |\n| f   |  |  |  |  |  |  |  |\n| g   |  |  |  |  |  |  |  |\n| 3 Adjusted foreign tax carryover from  \u003Cbr>prior tax year(combine lines 1 and 2)   |  |  |  |  |  |  |  |\n| 4 Foreign tax carryover used in current  \u003Cbr>tax year(enter as a negative number)   |  |  |  |  |  |  |  |\n| 5 Foreign tax carryover expired unused  \u003Cbr>in curent tax year(enter as a negative  \u003Cbr>number)   |  |  |  |  |  |  |  |\n| 6 Foreign tax carryover generated in  \u003Cbr>current tax year   |  |  |  |  |  |  |  |\n| 7 Actual or estimated amount of line 6  \u003Cbr>to be carried back to prior tax year  \u003Cbr>(enter as a negative number)   |  |  |  |  |  |  |  |\n| 8 Foreign tax carryover to the following  \u003Cbr>tax year.Combine lines 3 through 7.   | —0—   |  |  |  |  |  |  |\n\ng □Lump-sum distributions  \nPage 2  \n# Schedule B(Form 1116)(Rev.12-2022)\n\n\n| Foreign Tax Carryover  \u003Cbr>Reconciliation (continued)   | (vii)  \u003Cbr>Subtotal from page 1  \u003Cbr>(enter the amounts from  \u003Cbr>column (vii)on page 1)   | (ix)  \u003Cbr>4th Preceding  \u003Cbr>Tax Year   | (x)  \u003Cbr>3rd Preceding  \u003Cbr>Tax Year   | (xi)  \u003Cbr>2nd Preceding  \u003Cbr>Tax Year   | (xi)  \u003Cbr>1st Preceding  \u003Cbr>Tax Year   | (xii)  \u003Cbr>Current  \u003Cbr>Tax Year   | (xiv)  \u003Cbr>Totals  \u003Cbr>(add columns (vii)  \u003Cbr>through (xiii)   |\n| --- | --- | --- | --- | --- | --- | --- | --- |\n| 1 Foreign tax carryover from the prior tax  \u003Cbr>year(enter amounts from the appropriate  \u003Cbr>columns of line 8 of the prioryear  \u003Cbr>Schedule B(see instructions))   |  |  |  |  |  |  |  |\n| 2 Adjustments to line 1(enter  \u003Cbr>description-see instructions):   |  |  |  |  |  |  |  |\n| a Carryback adjustment (see instructions)   |  |  |  |  |  |  |  |\n| b Adjustments for section 905(c)  \u003Cbr>redeterminations(see instructions)   |  |  |  |  |  |  |  |\n|  |  |  |  |  |  |  |  |\n| C   |  |  |  |  |  |  |  |\n| d   |  |  |  |  |  |  | ","cbCaiq81K82Qpv4V","https://ap.wps.com/l/cbCaiq81K82Qpv4V","pdf",109219,"English","# Foreign Tax Carryover Reconciliation\n## Carryover calculations and adjustments","[{\"question\":\"What is Schedule B used for with Form 1116?\",\"answer\":\"Schedule B is used to reconcile foreign tax carryover amounts and carry them across tax years when preparing Form 1116.\"},{\"question\":\"Which adjustments are reported on the schedule?\",\"answer\":\"The schedule includes adjustments to foreign tax carryover, such as carryback adjustments and adjustments for section 905(c) redeterminations.\"},{\"question\":\"How does the schedule determine foreign tax carryover to the following tax year?\",\"answer\":\"It combines lines 3 through 7 to compute the carryover amount to the following tax year.\"}]","Schedule B - Foreign Tax Carryover Reconciliation | PDF",1789800103]