Screen 1118-2 - Total Foreign Income, Loss and Taxes Paid, Page 2 (1120)

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Foreign Tax Credit

Reductions of taxes from Schedule G

Enter the amount of reduction of taxes paid, accrued, or deemed paid from Schedule G of Form 1118.

note

Amounts entered in the Reduction of taxes from Schedule G
field should be completed only once per category of income.

Numerator of limitation fraction from Schedule J

Enter the amount from Schedule J, Form 1118. The amount automatically transfers from Schedule A to Schedule B, Part II of Form 1118.

note

Amounts entered in the Numerator of limitation fraction from Schedule J
field should be completed only once per category of income.