1118 Schedule J Adjustments to Separate Limitation Income (Loss) Categor

Schedule J
(Form 1118)
(Rev. December 2018)
Department of the Treasury
Internal Revenue Service

Adjustments to Separate Limitation Income (Loss) Categories for
Determining Numerators of Limitation Fractions, Year-End Recharacterization Balances,
and Overall Foreign and Domestic Loss Account Balances
For calendar year 20

, 20

, or other tax year beginning
▶

, and ending

, 20

Attach to Form 1118.
Employer identification number

Name of corporation

Part I

Adjustments to Separate Limitation Income or (Losses) in Determining Numerators of Limitation Fractions (see instructions)
(i)
Section 951A income

1
2
a
b
c
d
e
3
4
5
6
7
8
9
a
b
c
d
e
10
11

OMB No. 1545-0123

Income or (loss) before adjustments
Allocation of separate limitation losses:
Section 951A income
Foreign branch income
Passive category income
General category income
Other income*
Subtotal—Combine lines 1 through 2e.
Allocation of overall foreign losses
Allocation of domestic losses
Subtotal—Combine lines 3 through 5.
Recapture of overall foreign losses
Subtotal—Combine lines 6 and 7.
Recharacterization of separate limitation
income:
Section 951A income
Foreign branch income
Passive category income
General category income
Other income*
Recapture of overall domestic losses

(ii)
Foreign branch income

(iii)
(iv)
Passive category income General category income

(v)
Other income*

(vi)
U.S. income

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Numerator of Limitation Fraction—
Combine lines 8 through 10. Enter each
result here and on Schedule B, Part II,
line 7, of corresponding Form 1118.

* Important: See Computer-Generated Schedule J in instructions.
For Paperwork Reduction Act Notice, see the Instructions for Form 1118.

Cat. No. 10309U

Schedule J (Form 1118) (Rev. 12-2018)

Page 2

Schedule J (Form 1118) (Rev. 12-2018)

Part II

Year-End Balances of Future Separate Limitation Income That Must Be Recharacterized (section 904(f)(5)(C))
(i)
Section 951A income

a
b
c
d
e

4
5

4
5
6

(v)
Other income*

(vi)
U.S. income

Overall Foreign Loss Account Balances (section 904(f)(1)) Complete for each separate limitation income category.

Beginning balance
Current year additions
Current year reductions (other than
recapture)
Current year recapture (from Part I, line 7)
Ending balance—Combine lines 1
through 4.

Part IV
1
2
3

(iii)
(iv)
Passive category income General category income

Section 951A income
Foreign branch income
Passive category income
General category income
Other income*

Part III
1
2
3

(ii)
Foreign branch income

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Overall Domestic Loss Account Balances (section 904(g)(1))

Beginning balance
Current year additions
Current year reductions (other than
(
recapture)
Subtotal—Combine lines 1 through 3.
Current year recapture (from Part I, line 10)
Ending balance—Subtract line 5 from line 4.

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* Important: See Computer-Generated Schedule J in instructions.
Schedule J (Form 1118) (Rev. 12-2018)