Screen 1118 - Total Foreign Income, Loss and Taxes Paid (1120)

General Information

Use this field to select the category of income for which the foreign tax credit limitation is calculated. Enter the category of income code in the field or select it from the fieldview.
Use this field to select the two-letter code for the foreign country or U.S. possession where the income is sourced. Enter the foreign country code in the field or select it from the fieldview.
This field is required when electronically filing a return and the corporation has section 901(j) income or income that is re-sourced by treaty. If you select a country code, the
Sanctioned country or name of country
field is updated based on the code selected.
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