File Form 8990 for a foreign corporation
Enter business interest expense, allocable to effectively connected income (ECI) under Regulation 1.882-5, in the
Business interest expense subject to limitation
field in the IntDed screen in the 1120F folder. Adjust the amount entered in this field for any capitalizations, deferrals, and disallowances that apply before the section 163(j) interest expense limitation.UltraTax CS transfers the amount entered in this field to Form 8990, line 1.
