Form 1116 (2012) Page 2

• UnderPart 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 32,400
  • 10. Carryback or carryover (attach detailed computation) field contains 200
  • 11. Add lines 9 and 10 field contains 32,600
  • 12 Reduction in foreign taxes (see instructions) the field contains 23,684
  • 13. Taxes classified under high tax kickout (see instructions) the field contains 0
  • 14. Combine lines 11, 12, and 13. This is the total amount of foreign taxes available for credit the field contains 8,916
  • 15. 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 instructions) field contains 28,773
  • 16. Adjustments to line 15 (see instructions) field contains 0
  • 17. Combine the amounts on lines 15 and 16. 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 18 through 22. However, if you are filing more than one Form 1116, you must complete line 20.) field contains 28,773
  • 18. Individuals: Enter the amount from Form 1040, line 41. If you are a nonresident alien, enter the amount from Form 1040NR, line 39. Estates and trusts: Enter your taxable income without the deduction for your exemption field contains 36,801
  • 19. Divide line 17 by line 18. If line 17 is more than line 18, enter 1 field contains .7819
  • 20. Individuals: Enter the amount from Form 1040, line 44. If you are a nonresident alien, enter the amount from Form 1040NR, line 42. Estates and trusts: Enter the amount from Form 1041, Schedule G, line 1a, or the total of Form 990-T, lines 36 and 37 field contains 9,233
  • 21. Multiply line 20 by line 19 (maximum amount of credit) field contains 7,219
  • 22. Enter the smaller of line 14 or line 21. If this is the only Form 1116 you are filing, skip lines 23 through 27 and enter this amount on line 28. Otherwise, complete the appropriate line in Part IV (see instructions) field contains 7,219
• UnderPart IV: Summary of Credits From Separate Parts III:
• • 23. Credit for taxes on passive category income field contains 500
  • 24. Credit for taxes on general category income field contains 7,219
  • 27. Add lines 23 through 26 field contains 7,719
  • 28. Enter the smaller of line 19 or line 27 field contains 7,719
  • 30. Subtract line 29 from line 28. This is your Foreign tax credit. Enter here and on Form 1040, line 47; Form 1040NR, line 45; Form 1041, Schedule G, line 2a; or Form 990–T, line 40a the field contains 7,719

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