Form 1116 (2009) Page 2
Summary: This is an example of Form 1116 (2008), page 2, with items included as described in the text. Additionally, these line items are completed:
 Under
Part III: Figuring the Credit
: 

9. Enter the amount from line 8. These are your total foreign taxes paid or accrued for the category of income checked above Part I
field contains 27,400 
10. Carryback or carryover (attach detailed computation)
field contains 200 
11. Add lines 9 and 10
field contains 27,600 
12 Reduction in foreign taxes (see pages 16 and 17 of the instructions)
the field contains 24,003 
13. Subtract line 12 from line 11. This is the total amount of foreign taxes available for credit
the field contains 3,597 
14. Enter the amount from line 7. This is your taxable income or (loss) from sources outside the United States (before adjustments) for the category of income checked above Part I (see page 15 of the instructions)
field contains 7,639 
15. Adjustments to line 14 (see pages 15 and 16 of the instructions)
field contains 0 
16. Combine the amounts on lines 14 and 15. This is your net foreign source taxable income. (If the result is zero or less, you have no foreign tax credit for the category of income you checked above Part I. Skip lines 17 through 21. However, if you are filing more than one Form 1116, you must complete line 19.)
field contains 7,639 
17. Individuals: Enter the amount from Form 1040, line 41. If you are a nonresident alien, enter the amount from Form 1040NR, line 38. Estates and trusts: Enter your taxable income without the deduction for your exemption
field contains 14,091 
18. Divide line 16 by line 17. If line 16 is more than line 17, enter 1
field contains .5421 
19. Individuals: Enter the amount from Form 1040, line 44. If you are a nonresident alien, enter the amount from Form 1040NR, line 41. Estates and trusts: Enter the amount from Form 1041, Schedule G, line 1a, or the total of Form 990T, lines 36 and 37
field contains 2,954 
20. Multiply line 19 by line 18 (maximum amount of credit)
field contains 1,601 
21. Enter the smaller of line 13 or line 20. If this is the only Form 1116 you are filing, skip lines 22 through 26 and enter this amount on line 27. Otherwise, complete the appropriate line in Part IV (see page 20 of the instructions)
field contains 1,601
 Under
Part IV: Summary of Credits From Separate Parts III
: 

22. Credit for taxes on passive category income
field contains 500 
23. Credit for taxes on general category income
field contains 1,601 
26. Add lines 22 through 25
field contains 2,101 
27. Enter the smaller of line 19 or line 26
field contains 2,101 
29. Subtract line 28 from line 27. This is your Foreign tax credit. Enter here and on Form 1040, line 51; Form 1040NR, line 46; Form 1041, Schedule G, line 2a; or Form 990–T, line 40a
the field contains 2,101
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