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Section | Group 8990 - CFC Specified Group Parent |
---|---|
Form 8990 | Lines 1 through 4, 6 through 15, 17 through 20, 23 and 24 | Section 163(j) Group Member Detail Report | Total column |
Form 8990 | Line 30 | If the CFC Specified Group Parent has NOT elected Safe Harbor, transfer the amount from the Member Detail Report - Total column | Line 30. |
Form 8990 | Line 31 | If the CFC Specified Group Parent has NOT elected Safe Harbor, transfer the amount from the Member Detail Report - Total column. |
Radio Buttons & Checkboxes | N/A |
Mandatory Compute Option | N/A |
1 - Foreign corporation subject to 163(j) - Form 8990 will print | Select this radio button if there is at least one transfer amount for the Form 8990. |
2 - Foreign corporation not subject to 163(j) - Form 8990 will not print | N/A |
3 - Foreign corporation is excepted from filing - Form 8990 will not print | N/A |
4 - Do not complete Form 8990 for this foreign corporation. | N/A |
Foreign Entity Information | N/A |
Is the foreign entity a CFC group member? Radio buttons - Yes/No/Blank | N/A |
Is this Form 8990 filed by the specified parent for an entire CFC group? Radio buttons - Yes/No/Blank | Select Yes. |
Has a CFC or a CFC group made a safe harbor election? Radio buttons - Yes/No/Blank | For the CFC Specified Group Parent , if the Section 163(j) Group Member Detail Report | Safe Harbor Election has Yes, select Yes . If the Section 163(j) Group Member Detail Report | Safe Harbor Election has No, select No radio. |
Safe Harbor Election | N/A |
CFC group safe harbor election - checkbox | Check the box if the CFC Specified Group Parent has Safe Harbor Elected (the Section 163(j) Group Member Detail Report | Safe Harbor Election has Yes). |
If CFC group pre-group disallowed BIE carryforward. Radio buttons - Yes/No/Blank | Select No if the CFC Specified Group Parent has Safe Harbor Elected. |
Section 4 | Lines 6 thru 9 | Section 163(j) Group Member Detail Report | Safe Harbor Election Section 4 - Eligible Amount Calculation | Section 951(a)(1)(A) amount | Total column. |